Back
Clear
Show/Hide Additional Details
×
Filter
Back
Filters List
Clear
}

Display My

News - Nairametrics
Latest Trending

News Image

The Central Bank of Nigeria (CBN) recently conducted an Open Market Operations (OMO) auction and raised over N1 trillion as money supply in the country continues to surge. OMO auctions are used by the CBN to control the supply of money in the economy by buying or selling government securities. This latest auction saw a high demand for government securities with the CBN selling more than it initially offered. This surge in money supply is attributed to the CBNs efforts to boost economic growth and provide liquidity in the financial system. The successful auction is expected to have a positive impact on the countrys economy.

  • The Central Bank of Nigeria (CBN) recently conducted an Open Market Operations (OMO) auction and raised over N1 trillion as money supply in the country continues to surge.

    OMO auctions are used by the CBN to control the supply of money in the economy by buying or selling government securities.

    This latest auction saw a high demand for government securities with the CBN selling more than it initially offered.

    This surge in money supply is attributed to the CBNs efforts to boost economic growth and provide liquidity in the financial system.

    The successful auction is expected to have a positive impact on the countrys economy.