• Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Facebook X (Twitter) Instagram
Saturday, July 19
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram
Oriental News Nigeria
  • Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Oriental News Nigeria
Home»Banking & Finance»Money Market»Nigeria: CBN To Mop Up N200 Billion In Special OMO
Money Market

Nigeria: CBN To Mop Up N200 Billion In Special OMO

By orientalnewsngJune 15, 2017Updated:June 15, 2017No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Yemisi Izuora 

The Central Bank of Nigeria (CBN) says it will mop up a total of N200.322 billion from the Nigerian banking system through a special Open Market Operation (OMO) at the rate of 16 per cent per annum. The move is aimed at fighting inflation in the system.

Rising from a meeting of the Bankers’ Committee in Lagos today June 15, 2017, the CBN said its decision to mop up liquidity was in reaction to the maturity of N206 billion on Thursday, June 15, 2017.

Disclosing this to newsmen, the Bank’s Acting Director in charge of Corporate Communication, Isaac Okorafor, further explained that the apex Bank decided at the rate of 16 per cent per annum due to the falling rate of inflation, which he noted will continue to fall.

It will be recalled that the Bank on Monday, June 12, 2017, released its Treasury Bills Issue Programme for the third quarter of 2017 in which it disclosed that the maturity dates for the various tenors will be June 15, June 22, July 6, July 20, August 3, August 17 and August 31, 2017, respectively.

Share this:

  • Share
  • Click to email a link to a friend (Opens in new window) Email
  • Tweet
  • Click to share on Reddit (Opens in new window) Reddit
featured Nigeria: CBN To Mop Up N200 Billion In Special OMO
orientalnewsng

Related Posts

GTCO Emerges  First West African Financial Institution To List And Trade On London Stock Exchange 

July 4, 2025

IMF Affirms Hope In Nigeria’s Economic Reforms 

July 3, 2025

CBN Sustains Strategy Towards Implementation Of Banks Recapitalization 

June 18, 2025

Leave A Reply Cancel Reply

2025 OrientalNews Conference

0
Years
:
0
Months
:
0
Days
:
0
Hrs
:
0
Mins
:
0
Secs
The latest
  • Lagos To Build More Technical Colleges 
  • FMDQ Academy Launches In-Personnel Financial Training 
  • First Bank Achieves N1 Trillion In Digital Loan Disbursement 
  • SanlamAllianz Nigeria Launches Nationwide Writing Competition 
  • Olukoyede Warns Against Naira Abuse 
  • Tinubu Eulogizes Dantata’s Integrity 
  • FG Denies Involvement In First HoldCo Share Acquisition 
  • NCS Spokesman To Receive Top Nigeria 2025 PR Award 
  • PenOP Holds Cancer Awareness Session For Young Professionals 
  • NSML Reaffirms Commitment To Capacity Building
Categories
Quick Links
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Copyright © 2025 Oriental News Nigeria. All right reserved.

Type above and press Enter to search. Press Esc to cancel.