Nigeria central bank eases discount window rules, broadens OMO access

A view of Central Bank of Nigeria headquaters next to National Ecumenical Centre in Abuja, Nigeria November 23, 2021. REUTERS/Afolabi Sotunde

ABUJA (Reuters) – Nigeria’s central bank has eased restrictions on banks’ access to its discount window, reinstated tenored repo operations and widened participation in its open market operations (OMO), moves aimed at improving liquidity management and monetary policy transmission.