Search

Investor Demand Surges in Nigeria’s Open Market Operations Auction

Allen dreyfus Logo
© Allen Dreyfus
  • CBN offered N500m in treasury bills, subscriptions soared to N987b
  • High demand driven by foreign investors as Nigeria battles rising inflation

 

Abuja, Nigeria – Investors demanded almost double the amount that the Central Bank of Nigeria (CBN) offered in its Open Market Operations (OMO) on Wednesday, reflecting renewed interest in government securities.

You need an active subscription to continue reading this article.

Recent Business

Breaking News
Senegal slashes oil revenue forecast by 60% through 2028
Read More »
solen-feyissa-gXoxL_CYTuE-unsplash
Ethiopia holds rate at 15% as inflation slows, fiscal outlook improves
Read More »
Allen dreyfus Logo
Elombi steps into Afreximbank leadership amid mounting regional debt pressure
Read More »

Recent Politics

Allen dreyfus Logo
Elombi steps into Afreximbank leadership amid mounting regional debt pressure
Read More »
edouard-tamba-oTrwlvPvpVo-unsplash
Northern defections rattle Biya’s rule ahead of Cameroon’s October election
Read More »
bernd-dittrich-yfQfmji31fY-unsplash
Afreximbank warns of trade risks and openings as global fault lines shift
Read More »

Latest Posts

Latest news insights