CBN removes FX, government securities restrictions on discount window access
The Central Bank of Nigeria (CBN) has removed restrictions on banks’ access to its Standing Lending Facility (SLF) arising from participation in the Nigerian Foreign Exchange Market (NFEM) and primary auctions of government securities.“OMO participation (primary and secondary markets) shall be open to all eligible investors through Deposit Money Banks (DMBs).
The review followed an assessment of developments and existing market practices in the foreign exchange, money, and fixed-income markets, as well as the frameworks governing access to the SLF, Tenored Repo Operations, and participation in Open Market Operations (OMO).
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