Nigeria's CBN Reverses OMO Restriction, Opens Market to Local Investors

The Central Bank of Nigeria (CBN) has lifted its 2019 restriction on Open Market Operations (OMO), allowing local investors to participate in the market once again.

12 Aug, 17:28 — 12 Aug, 17:28

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vanguard-ngMixed5d ago

CBN reverses OMO restriction, opens market to local investors

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.

By Akinbayo Wahab

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Nigeria's CBN Reverses OMO Restriction, Opens Market to Local Investors

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CBN reverses OMO restriction, opens market to local investors

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