CBN reverses OMO restriction, opens market to local investors

🇳🇬 Vanguard Nigeria (NG) —
CBN reverses OMO restriction, opens market to local investors

AI Summary

The Central Bank of Nigeria (CBN) has reversed its 2019 restriction on Open Market Operations (OMO), reopening the market to local investors. The original restriction aimed to reduce pressure on the Naira, boost lending to the real sector, and lower interest rates, indicating a policy shift to stimulate the economy.

The restriction was introduced in 2019, in a bid to reduce pressure on the Naira, direct more lending  to the real sector and drive down interest rates. The post CBN reverses OMO restriction, opens market to local investors appeared first on Vanguard News.

World Politics Markets Central Bank of Nigeria OMO restriction Naira local investors interest rates economic policy

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