CBN reverses OMO restriction, opens market to local investors

AI Summary

The Central Bank of Nigeria reversed its seven-year restriction on local investors' participation in Open Market Operations (OMO), allowing individuals, corporates, and non-bank financial institutions to engage. The bank retains control over the scale and timing of OMO activities.

•Lifts suspension on Tenored Repo •Retains control over scale, timing of OMO By Babajide Komolafe The Central Bank of Nigeria, CBN, yesterday reversed its seven years restriction on participation of local investors in Open Market Operations, OMO, opening the market to individuals, corporates and non-bank financial institutions. The restriction was introduced in 2019, in a bid to […] The post CBN reverses OMO restriction, opens market to local investors appeared first on Vanguard News.