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Investor Demand Surges as Central Bank of Nigeria Records Massive OMO Oversubscription

The Central Bank of Nigeria has intensified its liquidity tightening drive after conducting one of its biggest single-session Open Market Operations, OMO, auctions on May 21, 2026.

Data published by the apex bank showed that the CBN mopped up a total of three point six nine two trillion naira through two short-term instruments. The apex bank had offered six hundred billion naira across 33-day and 138-day bills, but investor demand surged far above expectations, with subscriptions exceeding three point six trillion naira — more than six times the amount on offer

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