CBN spent N2.36TR to MOP up N18.7TR

Posted by - January 7, 2019

The Central Bank of Nigeria, CBN, is estimated to have spent about N2.36 trillion to mop up N18.7 trillion through OMO treasury bills from the interbank money market in 2018. The above is based on 12.6 percent average stop rate of OMO TBs issued in 2018. The apex bank throughout the year maintained tight monetary