Western Africa · Markets
Key Facts
—The change: A Central Bank of Nigeria circular dated 12 August 2026 opened open market operations to individuals, corporates and non-bank financial institutions, routed through deposit money banks.
—The yield: The first auction under the new rules cleared at 20.39% on the 103-day tenor and 20.01% on the 138-day.
—The demand: The bank offered 600 billion naira (about US$445 million) on 13 August and received 4.93 trillion naira (about US$3.66 billion) of bids. It allotted 2.60 trillion.
