CBN Excludes Individuals And Local Corporates From Investing in OMO Auctions

The directive from the Central Bank of Nigeria (CBN) reads:

Effective October 23, 2019, the Central Bank of Nigeria directs that individuals and local corpoarates are specifically excluded from investing in Open Market Operations (OMO) auctions.

Therefore, participation at the auctions should be based on proprietary and non-proprietary basis without these class of investors.

You are advised to ensure strict compliance.

Source: CBN