Central BanksMedium•11 November 2026•
1 min read
CBN Allots N3.854 Trillion in OMO Auction to Mop Up Excess Liquidity
Key Facts
1The Central Bank of Nigeria allotted N3.854 trillion in its OMO auction, significantly exceeding the initial N1.5 trillion offer.
2Total subscriptions reached N4.069 trillion, resulting in a bid-to-cover ratio of 2.71 times the advertised amount.
The Central Bank of Nigeria (CBN) allotted N3.854 trillion in its Open Market Operations (OMO) auction, significantly exceeding the initial N1.5 trillion offer. Nairametrics reported that total subscriptions reached N4.069 trillion, resulting in a bid-to-cover ratio of 2.71 times the advertised amount on November 11, 2026.
The central bank upsized the allotment to absorb massive excess liquidity in the banking system, which surged past N5.9 trillion. The CBN accepted nearly 95% of the total bids to stabilize the monetary environment as part of its ongoing liquidity management strategy.