The Central Bank of Nigeria (CBN) sterilised N4.11 trillion from the financial system within one week through dual Open Market Operations (OMO) sales conducted on March 23 and 27, 2026.
Financial data released by the apex bank at the close of business on Friday, March 27, confirmed the scale of liquidity mop-up as well as inflows, indicating the persistence of excess cash with elevated opening balances of Banks/Discount Houses at record N716.033 billion.
The move comes amid sustained monetary tightening efforts aimed at curbing inflation, even as analysts warn of potential risks to Nigeria’s long-term growth ambitions.
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