At its auction on Wednesday, January 6, 2026, the Central Bank of Nigeria (CBN) sold Open Market Operations (OMO) bills valued at ₦2.71 trillion.
According to data made public by CBN, ₦600 billion was first made available in two tenors. A 161-day bill with a June 16, 2026, maturity date and a 210-day bill with an August 4, 2026, maturity date were up for auction. The price of each tenor was ₦300 billion.
Demand was significantly skewed toward the longer 210-day tenor, with a total subscription value of ₦2.71 trillion. Bids for the 210-day bill totalled ₦2.45 trillion, with the entire amount allocated. Subscriptions for the 161 days totalled ₦277 billion, of which ₦259 billion were allocated.
The 161-day bill had a successful bid rate of 19.25% to 19.34%, while the 210-day bill cleared between 19.28% and 19.40%. For the 161-day and 210-day tenors, stop rates were set at 19.34% and 19.40%, respectively.
Since no OMO bills matured on the auction date, outright sales resulted in a net liquidity withdrawal of ₦2.71 trillion. The 210-day tenor’s high oversubscription indicates that investors continue to favour longer-dated securities.
BrandSpur banking and finance news reports that the CBN uses Open Market Operations (OMO), a monetary policy tool, to control inflation, stabilise interest rates, and manage the money supply. OMO bills are not tools for funding government expenditures; rather, they are primarily used to absorb or inject liquidity into the banking system.
Federal Government Bonds (FGN Bonds) are issued monthly by the Debt Management Office (DMO), while Nigerian Treasury Bills (NTBs) are another type of government security that is supervised by the apex bank. Both the FMDQ Securities Exchange Limited and the Nigerian Exchange Group (NGX) offer FGN Bonds for sale.
