CBN Withdraws N3.31 Trillion From Nigerian Banks in OMO Auction as Liquidity Tightens After Rate Cut
CBN Withdraws N3.31 Trillion From Nigerian Banks in OMO Auction as Liquidity Tightens After Rate Cut The Central Bank of Nigeria pulled about N3.31 trillion out of the banking system at its Open Market Operations auction on October 6. About N2.17 trillion in OMO bills matured and flowed back to lenders, so the net drain … Read more