Central BanksMedium•10 November 2026•
1 min read
Central Bank of Nigeria Launches ₦1.5 Trillion OMO Auction to Mop Up Liquidity
Key Facts
1The Central Bank of Nigeria launched a ₦1.5 trillion Open Market Operations auction to mop up unprecedented banking system liquidity.
2System liquidity in Nigeria has surged past ₦5.9 trillion, with an additional ₦2.448 trillion in inflows expected this week.
The Central Bank of Nigeria launched a ₦1.5 trillion Open Market Operations (OMO) auction to mop up unprecedented banking system liquidity. According to streamlinefeed.co.ke, the auction is divided into three equal tranches of ₦500 billion each to absorb excess cash from commercial banks.
System liquidity in Nigeria has surged past ₦5.9 trillion, with an additional ₦2.448 trillion in inflows expected this week. This intervention serves as a primary mechanism for the central bank to manage money supply and counteract liquidity surges that could fuel inflation or currency pressure.