Tag: open market operations auctions

Chapel Hill: Liquidity in OMO market likely to reduce on OMO guideline

Chapel Hill says the directive by Central Bank of Nigeria (CBN) limiting individuals and local corporates from participating in Open Market Operations (OMO) Auctions, is an indication that the Apex Bank is ready to begin to roll back its balance sheet expansion, flatten or reduce the pace of growth. For a focus on Nigeria’s equities market, Macro and Fixed Income Analyst at Chapel Hill Denham, Omotola Abimbola joins CNBC Africa for more.

CBN bars individuals, local corporates from OMO Auctions in Nigerian markets

The Central Bank of Nigeria (CBN) issued a directive barring individuals and local corporates from investing in Open Market Operations (OMO) auctions. To discuss how this directive will impact the money markets going forward, Femi Ogundimu, Fixed Income Dealer at Access Bank joins CNBC Africa.