CBN OMO Sales Reach N36.3 Trillion in H1 2026

In the first half of 2026, the Central Bank of Nigeria (CBN) reported that open market operations (OMO) sales surged to N36.3 trillion, a 313.3% increase from N18.79 trillion in the first half of 2025. OMO repayments reached N34.49 trillion, reflecting a 518.4% increase from N5.58 trillion in the previous year.

The net OMO sales declined to N1.85 trillion in H1 2026 from N3.22 trillion in H1 2025, indicating a shift in the CBN's liquidity management strategy. Monthly trends showed significant volatility, with January 2026 recording N8.54 trillion in sales and N5.63 trillion in repayments.

The CBN's aggressive intervention in the money market aims to manage liquidity, control inflation, and stabilize exchange rates amid global pressures. Mr.

David Adonri explained that the surge in OMO issuance reflects a period of excess liquidity, prompting the CBN to intensify its operations to stabilize the financial system.