Still, the CBN’s decision mid-August to lift the OMO restriction asks more questions than it answers. At its first auction under the revised arrangement, the bid rates for the CBN’s N450 billion allotment ranged from 19.90 per cent to 20.46 per cent with a stop rate of 20.39 per cent.
What to make of the new OMO market, By Uddin Ifeanyi
