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.
*Individuals, corporates, non-bank institutions now eligible
* Lifts tenored repo suspension
*Removes FX, govt securities restrictions on Discount Window access
By Babajide Komolafe
The Central Bank of Nigeria, CBN, yesterday reversed its seven-year restriction on local investors’ participation in Open Market Operations, OMO, opening the market to individuals, corporates and non-bank financial institutions.
Nigeria’s central bank is turning to a market it locked individuals out of seven years ago as a fresh line
• Broadens OMO participation as individuals, corporates, non-bank financial institutions gain access to market through banks
The Central Bank of Nigeria has relaxed borrowing rules for banks involved in foreign exchange and government securities, aiming…
The Central Bank of Nigeria (CBN) has removed restrictions that prevented banks from accessing its Standing Lending Facility…
The new provisions take immediate effect, with CBN directing all banks, authorised dealers and other market participants to…
Goddy Egene writes on how reforms by the Central Bank of Nigeria is helping to boost foreign exchange inflow into the Nigerian…
CBN reopens OMO to retail investor's for first time in 7yrs as election spending threatens inflation - Businessday NG
In New Policy Tweak, CBN Removes Discount Window Restrictions on FX, Government Securities Transactions
CBN relaxes borrowing rules for banks trading FX, government securities
CBN lifts FX, bond restrictions on banks accessing discount window - Businessday NG
CBN removes FX, government securities restrictions on discount window access
Africa’s largest crypto market opens central bank sandbox to stablecoins and virtual-asset firms
CBN brings crypto operators into regulatory sandbox
Banks ease overseas spending limits as FX crunch fades - Businessday NG
