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The Central Bank of Nigeria, CBN, says it has concluded the sale of government securities, issuing N1.053 Trillion($680 million) in short-term instruments as part of its liquidity management exercise. At the weekend, the CBN offered N500 Billion at the Open Market Operations (OMO) auction and oversubscribed, selling N1.053 Trillion, with 79 per cent of the total bids, or the equivalent of $530 million, coming from foreign investors. The Bank’s Acting Director of Corporate Communications Department, Hakama Sidi Ali, said the development underscored the confidence the Bank now enjoys from invest…

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