CBN spent ₦2.36 trillion to mop up ₦18.7 trillion via OMO in 2018

The Central Bank of Nigeria, CBN, is estimated to have spent about ₦2.36 trillion to mop up ₦18.7 trillion through OMO treasury bills from the interbank money market in 2018. The above is based on 12.6 percent average stop rate of OMO TBs issued in 2018. The apex bank throughout the year maintained tight monetary […]

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