The Central Bank of Nigeria (CBN) absorbed N3.04 trillion from the banking system through a single Open Market Operations (OMO) auction conducted on June 5, 2026
Central Bank of Nigeria
The Central Bank of Nigeria (CBN) absorbed N3.04 trillion from the banking system through a single Open Market Operations (OMO) auction conducted on June 5, 2026, as investor demand across three tenors significantly exceeded the N600 billion offered by the apex bank.
According to a Nairametrics analysis of CBN OMO auction results and daily financial market data between June 2 and June 5, 2026, total subscriptions reached N3.275 trillion, representing an oversubscription rate of 5.46 times the amount offered.
The development underscores the CBN’s continued aggressive liquidity sterilisation strategy, even as excess liquidity in the banking system showed some signs of easing during the review period.
The latest auction follows two major OMO sessions in May that collectively absorbed trillions of naira from the financial system.
