To reduce inflation, the CBN sells ?1.053 trillion in government securities

Cardoso aimed to boost trust in the financial sector, the economy, and the exchange rate stabilization through both meetings.The sale of government securities by the Central Bank of Nigeria (CBN) has been completed successfully. This comes after ?1.053 trillion (680 million USD) in short-term instruments were issued.The sale is a component of CBN's liquidity management program, according to a statement released on Sunday night by Hakama Sidi, acting director of the corporate communications department.After selling ?1.053 trillion, the apex bank's ?500 billion offer at the Open Market Operations (OMO) auction was oversubscribed, according to Sidi. Foreign investors accounted for 79% of all bids, or 530 million dollars.