Nigeria, March 3 -- The Central Bank of Nigeria's (CBN) Open Market Operations (OMOs), which reached a high of 18 times in one year, is expected to decline as inflationary pressures ease.

According to CBN data, N11.8 trillion worth of OMO bills were sold to banks and investors in 2024, a 1,773.7 percent increase over the N627.2 billion sold at auction in 2023.

According to the data, since the beginning of the year, the CBN has refunded N744.8 billion and sold OMO for N1.9 trillion.

The monetary authority's contractionary posture is reflected in the increase in OMO operations, according to Ayokunle Olubunmi, head of financial institution ratings at Agusto & Co.

Since inflationary pressure appears to be decreasing, we expect a decline a...