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CBN mops up N480bn via OMO as investors rush long tenor bill

Investors interests for higher yield was elevated on Thursday as they rush the longer tenor Open Market Operation (OMO) bill at an attractive stop rate of 13 percent. The Central Bank of Nigeria (CBN) offered N400 billion to investors who participated in the OMO auction on Thursday but sold a total of N480 billion. “OMO…

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