The Central Bank of Nigeria (CBN) recorded strong investor demand at its first Open Market Operations (OMO) auction of 2026, with total subscriptions reaching ₦2.73 trillion.
The auction featured 161-day and 210-day OMO bills, with the longer-tenor instrument attracting the bulk of bids. Subscriptions for the 210-day bill stood at about ₦2.45 trillion, while the 161-day bill drew roughly ₦277 billion, far exceeding the amount offered.
The CBN cleared the auction at 19.34 percent for the 161-day bill and 19.40 percent for the 210-day bill, reflecting its continued tight monetary policy stance.
The strong oversubscription highlights sustained investor appetite for high-yield government securities as the apex bank continues to manage liquidity and inflation. Visit www.jocomms.com for more news.