CBN Pulls N3.69 Trillion from Market in One-Day Operation to Curb Inflation

The Central Bank of Nigeria mopped up N3.69 trillion from the banking system in a single Open Market Operations auction. This bold move aims to drain excess liquidity, rein in speculative forex demand and ease mounting inflationary pressures. Analysts say the operation signals a tighter money supply and could strengthen the naira and influence lending rates in the weeks ahead.

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