CBN mops up N200bn in special OMO to rein inflation

CBN mops up N200bn in special OMO to rein inflation

In its latest move to further rein inflation, the Central Bank of Nigeria (CBN) has unveiled plans to 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 percent per annum. Rising from a meeting of the Bankers’ Committee in Lagos…

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