CBN to Auction N2 Trillion in OMO Bills to Manage Liquidity
The Central Bank of Nigeria (CBN) is set to offer N2 trillion in Open Market Operations (OMO) bills on October 22, 2026, as part of its strategy to manage excess liquidity in the banking system. This decision follows substantial repayments on maturing securities, with banks' net placements at the CBN's Standing Deposit Facility exceeding N6 trillion earlier in the month.
The auction will include N1 trillion each in 138-day and 180-day bills. The 138-day bill is scheduled to mature on March 9, 2027, while the 180-day bill will mature on April 20, 2027.
The Financial Markets Dealers Association (FMDA) projected OMO maturities for the week at N2.067 trillion, slightly above the CBN's auction offer. The banking system liquidity rose by 69.39 percent to N6.283 trillion in the week ending October 16, 2026, following repayments of approximately N2.41 trillion on October 13.
The impact of the auction on liquidity will depend on the volume of bills allotted by the CBN.
Plus234Feed summary based on reporting from Blueprint. Read the original report below.
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