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Again, CBN sells N652 billion OMO bills at 21% interest rate

The Central Bank of Nigeria’s latest Open Market Operation (OMO) bill auction resulted in a sale totaling N676.65 billion on April 3, 2024, with over N652 billion sold at 21% interest rate to investors.

The apex bank leveraged higher interest rates to attract a strong turnout from investors, effectively utilizing OMO bills to absorb excess liquidity from the financial system.

 

 

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