Nigerian Central Bank Widens OMO Access, Restarts 4- to 90-Day Repo Operations
Updated
Updated · Bloomberg · Aug 13
Nigerian Central Bank Widens OMO Access, Restarts 4- to 90-Day Repo Operations
3 articles · Updated · Bloomberg · Aug 13
Summary
Nigeria’s central bank said all eligible investors — including individuals, corporates and non-bank financial institutions — can now buy and trade Open Market Operations securities under a framework effective immediately.
The same circular also ended the suspension of tenored repo operations, letting the bank inject liquidity for periods ranging from four to 90 days.
The changes broaden the investor base in the OMO market while restoring a tool the central bank can use to manage short-term liquidity conditions.