…Yield on one-year OMO bill hits 32%
…Naira rebounds to N1576/$
...CBN sells $60m to banks
The Central Bank of Nigeria (CBN) on Thursday sold 364-day OMO bills — patronised by banks and offshore investors — at a yield of 32 percent, the highest since the apex bank began selling the bills.
The record yield on the one-year OMO bill is the CBN’s latest attempt to halt the naira rout by offering higher returns to attract foreign portfolio investments.
The 32 percent yield on the one year OMO bill means foreign investors get returns t
