Liquidity mop-up by the Central Bank of Nigeria (CBN) through Open Market Operations (OMO) surged by 181.87 percent within one year as the apex bank intensified efforts to rein in inflation and stabilise macroeconomic conditions.
OMO sales have been deployed as a core instrument of the CBN’s contractionary monetary policy stance, aimed at absorbing excess liquidity from the financial system to tame price pressures. This approach mirrors global central banking practices, where the sale of securities is used to tighten monetary conditions by r
