Analysts See Stronger Market As CBN Reviews OMO, Eases Liquidity Access

The Central Bank of Nigeria (CBN) last week reviewed its liquidity management framework, easing restrictions on banks’ access to the Standing Lending Facility (SLF), restoring tenored repurchase operations and opening the Open Market Operations (OMO) market to individuals, corporates and non-bank financial institutions.
The review, which took immediate effect, was designed to deepen Nigeria’s money and fixed-income markets, improve monetary policy transmission, and give financial institutions greater flexibility in managing liquidity.
The apex bank announced the changes in a circular titled “Review of Discount Window Restrictions and Open Market Operations Participation Framework”, fo...