CBN mops up N4.72tn as OMO demand surges

Investors placed N8.62tn worth of bids for the Central Bank of Nigeria’s Open Market Operations securities in two days, as yields on the short-term instruments climbed as high as 19.90 per cent.  The strong demand enabled the CBN to raise N4.72tn through four OMO auctions conducted on 26 and 27 August, exceeding its combined advertisedRead More: https://punchng.com/cbn-mops-up-n4-72tn-as-omo-demand-surges/