CBN mops up N3.46 trillion, buyers stake N5.57trn on OMO, TBs

The Central Bank of Nigeria (CBN) has absorbed roughly N3.46 trillion from the monetary system by its Open Market Operations (OMO) and Nigerian Treasury Bills (NTB) auctions carried out on November 3 and 4, 2026, amid rising banking-system liquidity and rising strain on short-term rates of interest.

Investors submitted bids value N5.57 trillion towards mixed provides of N2.30 trillion, representing subscriptions of about 2.42 occasions the quantity supplied.

The newest intervention displays renewed efforts by the apex financial institution to mop up extra liquidity, notably because the monetary system anticipates substantial money inflows from maturing authorities securities and different sources in November.

At the November 3 OMO public sale, the CBN allotted roughly N2.95 trillion towards a suggestion of N1.50 trillion. The public sale attracted subscriptions of N3.52 trillion throughout the 119-day, 126-day and 133-day devices, representing a bid-to-cover ratio of two.35 occasions.

The 133-day instrument dominated demand, attracting N2.36 trillion, representing about 67 per cent of complete subscriptions.

The respective cease charges stood at 17.77 per cent, 17.71 per cent and 17.67 per cent for the three tenors.

At the November 4 Treasury Bills public sale, buyers submitted N2.045 trillion towards a suggestion of N800 billion. However, the Debt Management Office (DMO) allotted solely N509.41 billion, leaving roughly N1.54 trillion in unallotted bids.

The 364-day instrument attracted the strongest demand, recording N1.994 trillion in subscriptions, however obtained solely N461.84 billion in allotments.

The 91-day and 182-day devices obtained allotments of N22.40 billion and N25.17 billion, respectively.