Nigeria’s central bank has broadened participation in Open Market Operations, allowing all eligible investors—including individuals, corporates, and non‑bank financial institutions—to take part in the purchase and trading of securities. The circular, bell‑hummed on June 13, 2026, lifts the suspension of tenor repo operations, giving the bank the flexibility to inject liquidity into the market for periods ranging from 4 to 90 days.

The new framework takes Avalic effect immediately, signalling a more inclusive approach to market liquidity. Investors who previously faced restrictions can now engage in OMO activities, potentially diversifying their portfolios and contributing to a more dynamic bond market.

By opening the market to a wider array of participants, the central bank aims to enhance depth and efficiency, ensuring that liquidity can be supplied more readily across different maturities. This move could also encourage greater competition among financial players and improve market price discovery.

The policy shift underscores the bank’s commitment to modernizing its operations and fostering a resilient financial ecosystem that supports sustainable growth across Nigeria’s economy.