CBN mops up N200bn in special OMO to rein inflation

by | June 16, 2017 5:20 am

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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