CBN Raises N1.07 Trillion Through OMO Bills Auction

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The Central Bank of Nigeria (CBN) has successfully raised N1.07 trillion through its recent open market operations (OMO) auction, with minimal rejection, ahead of N985 billion in OMO bills maturing on Tuesday. According to sources, the apex bank offered N600 billion worth of Nigerian OMO bills for subscription, but strong demand from banks and foreign portfolio investors pushed subscriptions to N1.15 trillion.

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“The authority floated its auction on Monday to keep the liquidity level in the money market in check,” a source familiar with the matter stated. The CBN sold a total of N1.07 trillion, with stop rates printing at 24.20% and 24.59% for the 155-day and 204-day instruments, respectively.

The strong appetite for naira assets, supported by a decline in inflation rate, drove investor interest in the auction. “Out of N1.15 trillion total subscriptions placed by eligible investors, the CBN sold a total of N1.07 trillion,” details from the auction revealed.

The market is expecting significant inflows from OMO maturities totaling N985.88 billion on June 17, 2025, and an additional N27.19 billion from Nigerian Treasury bills maturing on June 19, 2025. In the secondary market, trading activities were quiet, with most attention focused on the OMO auction.

The CBN’s liquidity management efforts aim to maintain stability in the money market, and the auction’s outcome reflects the authority’s efforts to achieve this goal. With the stop rates at 24.20% and 24.59%, investors are likely to maintain their interest in naira assets, given the attractive yields

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