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CBN resumes OMO auction, sells N1.075.85trn

investors scramble for longer tenure in anticipation of lower yield before year end

The Central Bank of Nigeria

Central Bank of Nigeria (CBN) on Thursday resumed its Open Market Operation (OMO) auction, selling a total of N1.075.85 trillion to investors for an offer of N400 billion. At the opening of the auction, the CBN offered a total of N400 billion for various categories of tenure days but the investors oversubscribed it by 168.96…

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