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Investor Demand Surges in Nigeria’s Open Market Operations Auction

© Allen Dreyfus

Vincent Nwanma

Vincent Nwanma is a seasoned analyst, columnist, and reporter with over 30 years of experience in business and economics journalism across Nigeria and Africa.
  • 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.

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