Nigeria's leading finance and market intelligence news report.

CBN rejects Investors demand as N70bn OMO records no sales 

... Naira unchained at N455 on black market 

The Open Market Operation (OMO) market recorded no sales to the N70 billion bill offered to investors by the Central Bank of Nigeria (CBN) on Thursday due to demand for higher rates.  The short, medium and long term instruments were oversubscribed by Investors but the CBN could not meet their demand, leading to zero sales….

Join the BusinessDay Inner Circle to read exclusives and gain insights for N1000/month

Whatsapp mobile

Get real time updates directly on you device, subscribe now.

Comments are closed.