OMO sales hit N5.63 trillion in two weeks as 126-day bill draws oversubscription

The Central Bank of Nigeria conducted three rounds of Open Market Operations auctions between May 4 and May 12, 2026, raking in a total of N5.63 trillion in successful subscriptions across 8 instruments spanning short, medium, and longer-dated tenors.

OMO sales hit N5.63 trillion in two weeks as 126-day bill draws oversubscription. The Central Bank of Nigeria conducted three rounds of Open Market Operations auctions between May 4 and May 12, 2026, raking in a total of N5.63 trillion in successful subscriptions across 8 instruments spanning short, medium, and longer-dated tenors. The OMO auction results analysed by Nairametrics show that the apex bank offered a combined N1.8 trillion across all three sessions but allotted over three times that amount, as investor appetite for high-yield OMO paper remained robust. The two-week exercise, conducted in the first, second, and third weeks of May, however, saw CBN repay N4.78 trillion in two tranches, leaving net issuance of N850 billion. What the data is saying The three auction sessions recorded across May 4, May 7, and May 12 each offered N...