TheNewsGuru

Tag: OMO Auction

  • CBN resumes OMO Auction, mops up N326bn

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    by

    Olaotan Falade
    in ,

    The Central Bank of Nigeria (CBN) on Tuesday resumed its Open Market Operations (OMO) sales, which was used to take out excess liquidity from the FAAC inflows of last week. At the yesterday’s exercise, the apex bank mopped up a total of N325.5 billion, N125.5 billion higher than the OMO bills it auctioned to investors.…