CBN Returns N3.2trn to Banks as Maturities Outstrip Fresh Auctions in October

CBN Returns N3.2trn to Banks as Maturities Outstrip Fresh Auctions in OctoberThe Central Bank of Nigeria (CBN) injected a net N3.20 trillion into the banking system in October after repayments on maturing securities exceeded fresh sales of OMO and Treasury Bills.Nairametrics analysis of CBN data shows the apex bank raised N7.49 trillion from Open Market Operations and Treasury Bills auctions between October 2 and 29, against N10.69 trillion in maturities returned to investors.