FX turnover surges by 231.99% as CBN raises N1.16 trillion from OMO bill auction
Nigeria’s foreign exchange market has seen the turnover on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window surge by an ...
Tag: Open Market Operation
Again, CBN sells N652 billion OMO bills at 21% interest rate
The CBN leveraged higher interest rates to attract a strong turnout from investors, effectively utilizing OMO bills to absorb excess ...
Bank’s lending rates decline albeit slower than expected
Based on CBN's report, Prime Lending Rate and the Maximum Lending Rate declined 0.3ppts and 1.2ppts respectively to 15.0% and ...
How the CBN’s OMO restriction is affecting the market
The Nigerian treasury market has been characterised by bearish sentiment. This has particularly been affecting tenured OMO securities,
