CBN Absorbs N3.04trn From Banks Via OMO
The Central Bank of Nigeria (CBN) absorbed N3.04 trillion from the banking system through a single Open Market Operations (OMO) auction conducted on June 5, 2026, as investor demand across three tenors significantly exceeded the N600 billion offered by the apex bank.
According to a Nairametrics analysis of CBN OMO auction results and daily financial market data between June 2 and June 5, 2026, total subscriptions reached N3.275 trillion, representing an oversubscription rate of 5.46 times the amount offered.
The development underscores the CBN’s continued aggressive liquidity sterilisation strategy, even as excess liquidity in the banking system showed some signs of easing during the review period.
