OMO (Open Market Operations)
The purchase and sale of government and other eligible securities by the Central Bank of Nigeria (CBN) in the Open Market. It is the main instrument of indirect monetary policy used by the Central Bank of Nigeria to manipulate the volume, cost and direction of money supply in the economy.
Open Position Limits (OPL)
A peg placed by the Central Bank of Nigeria on the volume of foreign exchange individual dealers (e.g banks) can hold on a daily basis.
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