The Central Bank of Nigeria (CBN) injected a net N5.21 trillion into the banking system over the past week through OMO and primary market repayments. This liquidity surge, which included a N2.48 trillion repayment on August 11, precedes a N700 billion Treasury Bills auction scheduled for today. Analysts expect strong demand and potential oversubscription for the auction, as the market balances this significant cash inflow against the CBN’s ongoing liquidity management efforts.