CBN Schedules N2.5 Trillion OMO Auction for September 2026
On September 29, 2026, the Central Bank of Nigeria (CBN) announced a N2.5 trillion Open Market Operations (OMO) auction, coinciding with a N2.433 trillion OMO repayment maturing on the same day. The auction includes three tenors: N500 billion in 147-day paper maturing on February 23, 2027; N1 trillion in 182-day paper maturing on March 30, 2027; and N1 trillion in 266-day paper maturing on June 22, 2027.
The close of bidding was set for 10:30 a.m. The nearly matched amounts indicate a liquidity management strategy, with only a N66.765 billion difference between the offer and repayment.
As of September 29, banks held over N6.2 trillion at the Standing Deposit Facility (SDF). The auction follows a month of strong investor demand for OMO instruments, with cumulative sales reaching N30.12 trillion from January to April.
This auction occurs after the CBN's Monetary Policy Committee reduced the Monetary Policy Rate by 350 basis points to 23% on September 22, 2026.
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 Allocates N12.823 Trillion Amid N20.58 Trillion Bids
CBN's OMO Auction Sees N4.93 Trillion in Bids
OMO Maturities Rise 31% to N2.94 Trillion This Week
Strong Demand for CBN OMO Bills Reaches N4.93tn
Central Bank of Nigeria's OMO Operation Drains N3.86tn
CBN Attracts N6.1 Trillion in OMO Bills Subscription
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
