Financial Flashpoint: OMO Auction and Tariff Hike

Prologue Last week, the Central Bank of Nigeria (CBN) conducted its first Open Market Operations (OMO) auction in the month, aiming to assert control over money supply in the system. Following a sale of a whopping ₦676.65 billion worth of securities, the CBN’s commitment to managing liquidity in the economy remains unchanging. In comparison to […]