Investors shun mid-tenor instruments as CBN sells N1.9trn OMO bills

The Central Bank of Nigeria (CBN) sold N1.9 trillion in Open Market Operations (OMO) bills at the latest OMO auction, with investor demand reaching N2.2 trillion, far exceeding the N600 billion offered. The auction also showed weaker interest in mid-tenor instruments, with demand concentrated at the short and longer ends of the curve. Breakdown of […]

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