{
  "id": 11711165,
  "title": "CBN mops up N17.5 trillion through OMO in September, injects N10.9 trillion",
  "url": "https://urgent.news/2026/10/03/cbn-mops-up-n17-5-trillion-through-omo-in-september-injects-n10-9",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-03T15:02:14.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/03/cbn-mops-up-n17-5-trillion-through-omo-in-september-injects-n10-9-trillion/"
  },
  "original_language": "en",
  "account": "In September 2026, the Central Bank of Nigeria (CBN) conducted Open Market Operations (OMO) transactions amounting to approximately N17.51 trillion, followed by repayments on about N10.89 trillion in maturing bills, resulting in a net liquidity withdrawal of roughly N6.62 trillion. The gross sales were distributed across five OMO auctions held on September 1, 8, 16, 24, and 29. Despite the substantial initial offerings, significant repayments meant that a considerable portion of the liquidity absorbed through new sales was initially returned to the financial system via maturing OMO bills.\n\nAround 62% of the gross sales were represented by five OMO maturities amounting to N10.89 trillion during September, leaving the CBN with a net liquidity absorption of about 38% of the total amount sold, equivalent to N6.62 trillion. The CBN's OMO activity primarily focused on replacing maturing securities with fresh instruments rather than withdrawing additional liquidity. Net absorption varied throughout the month, with the largest withdrawals observed around the first and final auctions.\n\nThe September 1 auction and September 7 maturity together produced a net absorption of around N2.82 trillion, based on N2.88 trillion in sales against N62 billion repaid. However, there was an inconsistency in the September 16 data, where the reported N3.292 trillion successful allotment exceeded total subscriptions of N3.034 trillion. If the allotment were adjusted to match subscriptions, the gross sales would have been closer to N17.06 trillion, with a net absorption of approximately N6.17 trillion. The reported N17.51 trillion figure reflects the CBN's data as it was presented. Investor demand remained robust throughout September, despite declining OMO rates. These figures indicate that the CBN was simultaneously recycling large OMO maturities and withdrawing additional liquidity while shifting towards longer-dated instruments. This shift pushes some repayments into 2027, thus reducing the amount returned to the banking system in the near term.",
  "summary": "The Central Bank of Nigeria (CBN) sold approximately N17.51 trillion in Open Market Operations (OMO) bills in September 2026, while about N10.89 trillion in maturing bills was repaid over the same period, leaving a net liquidity withdrawal of roughly N6.62 trillion. The post CBN mops up N17.5 trillion through OMO in September, injects N10.9 trillion appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}