According to a report by ThisDayLive, the Central Bank of Nigeria (CBN) has mopped up a staggering N95.7 trillion through Open Market Operations (OMO) instruments in the first 10 months of 2026. This significant sum is a result of the attractive yields offered by these instruments, which have enticed investors to invest in them. The exact motives behind this move by the CBN are yet to be disclosed, but it is speculated that the bank is attempting to control inflation and stabilize the nation’s economy. This development is particularly noteworthy in the context of Nigeria’s ongoing economic recovery and growth, and it underscores the importance of fiscal policies in shaping the nation’s financial landscape.
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