CBN Allocates N12.823 Trillion Amid N20.58 Trillion Bids
In September 2026, the Central Bank of Nigeria (CBN) conducted four Open Market Operations (OMO) auctions, allotting approximately N12.823 trillion against investor bids totaling N20.58 trillion, significantly exceeding the N3.9 trillion offered. The auctions took place on September 1, 8, 16, and 24, showcasing a robust investor appetite despite a notable decline in stop rates.
Over the month, accepted rates on longer-tenor instruments decreased by 170 basis points, from 18.99% to 17.29%. Cumulative subscriptions reached N20.58 trillion, indicating demand was about 5.28 times the amount offered.
Successful allotments accounted for approximately 3.29 times the total amount offered and 62.3% of cumulative investor bids. The decline in rates coincided with the Monetary Policy Committee's decision to reduce the benchmark rate by 350 basis points to 23% on September 22.
The N20.58 trillion in OMO subscriptions marked the highest level recorded in 2026, continuing a trend of heavy subscriptions to CBN OMO and Treasury Bills auctions.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
Read full article
Continue on Nairametrics
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
CBN's OMO Subscriptions Hit N20.6 Trillion in September
CBN Anticipates N8.57 Trillion Liquidity Surge This Week
CBN Infuses N3.81 Trillion into Banking System Liquidity
CBN Raises N4.72 Trillion to Combat Excess Liquidity
CBN Reopens OMO Market, Attracts Investor Interest
Central Bank of Nigeria's OMO Operation Drains N3.86tn
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
