The Central Bank of Nigeria (CBN) has reversed its restriction on Open Market Operations (OMO), reopening the market to local investors on August 13, 2026.

This policy reversal marks a shift in the apex bank's monetary strategy, aiming to liberalize access to short-term government debt instruments. By allowing domestic players back into the OMO market, the CBN seeks to enhance liquidity management within the financial system.

Prior to this directive, local participation in OMO auctions was heavily restricted, with the market primarily reserved for foreign portfolio investors and commercial banks. The policy change is expected to drive increased participation in the fixed-income market and impact yields across various tenors.