The Central Bank of Nigeria (CBN) has intensified efforts to rein in excess liquidity in the financial system, absorbing N1.945 trillion through its latest Open Market Operations (OMO) auction as it prepares for an anticipated N3.35 trillion inflow from maturing securities in the coming days.
Results of the May 29, 2026 OMO auction showed strong investor appetite for the apex bank’s short-term instruments, with total subscriptions reaching N1.952 trillion against an offer size of N400 billion.
The CBN allotted N1.945 trillion across two instruments, reflecting its determination to tighten liquidity conditions and sustain its monetary policy objectives amid ongoing inflationary pressures and efforts to stabilise the naira.
The latest exercise comes barely a week after the central bank conducted a significantly larger OMO auction on May 21, where it absorbed N3.47 trillion from the banking system. Combined, the two auctions have withdrawn N5.42 trillion from the financial system within eight
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