In New Policy Tweak, CBN Removes Discount Window Restrictions on FX, Government Securities Transactions

• Broadens OMO participation as individuals, corporates, non-bank financial institutions gain access to market through banks

•Resumes tenored repo operations of up to 90 days to deepen liquidity management

• Declares reforms designed to improve money market functioning, strengthen monetary policy transmission

James Emejo in Abuja and Nume Ekeghe in Lagos

Central Bank of Nigeria (CBN), yesterday, announced the removal of restrictions preventing financial institutions that accessed its Standing Lending Facility (SLF) from participating in Foreign Exchange (FX) and primary government securities transactions.

In New Policy Tweak, CBN Removes Discount Window Restrictions on FX, Government Securities Transactions

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