Home News CBN lifts discount window restrictions tied to FX, government securities transactions

CBN lifts discount window restrictions tied to FX, government securities transactions

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The Central Bank of Nigeria (CBN) says it has removed the discount window restrictions arising from participation in primary auctions of government securities for banks.

In a circular signed by Okey Umeano, acting director, financial markets department, on Wednesday, the CBN lifted the suspension of tenored repurchase (repo) operations, allowing it to conduct repo transactions with maturities of between four and 90 days.

The cable