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CBN Drains N4.72 Trillion via OMO Sales at Near-20% Yields
Nigeria's Central Bank mopped up N4.72 trillion through open market operations over two days, with investors drawn by yields approaching 20 percent. The liquidity drain is expected to raise funding costs for fintechs and startups operating in Nigeria's financial system.
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- CBN mops up N4.72 trillion via OMO sales in two days as investors chase near-20% yields · nairametrics.com · T2