CBN mops up N1.95tn in fresh OMO auction as N3.35tn maturities loom

The Central Bank of Nigeria (CBN) has intensified efforts to rein in excess liquidity in the financial system, absorbing N1.945 trillion through its latest Open Market Operations (OMO) auction as it prepares for an anticipated N3.35 trillion inflow from maturing securities in the coming days.