The Central Bank of Nigeria absorbed about N2.5tn from the financial system through its latest Open Market Operations auction, intensifying efforts to manage excess liquidity in the banking sector. The auction, conducted on Wednesday, attracted subscriptions of about N3tn, three times the N1tn the apex bank had initially offered across 69-day, 90-day and 153-day OMO bills. The strong demand came amid elevated liquidity in the financial system, with investors showing greater appetite for the longer-dated instruments..............….......READ MORE
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