Nigerian Central Bank Widens Access to Open Market Operations

Nigeria’s central bank has expanded participation in Open Market Operations, allowing all eligible investors—including individuals, corporates and non-bank financial institutions—to take part in buying and trading securities. The move is designed to widen access to the central bank’s securities transactions market. In addition to opening the operations to a broader set of participants, the bank also lifted a suspension related to tenored repo operations, according to the brief update. The announcement signals a shift in how the central bank manages liquidity and market activity, potentially improving competition among investors and increasing trading participation.