STOCK MARKET RALLY AFTER OMO RESTRICTION

Written by on October 31, 2019

THE DECISION BY THE CENTRAL BANK OF NIGERIA (CBN) TO RESTRICT INDIVIDUALS AND LOCAL FIRMS, NON-BANK FINANCIAL INSTITUTIONS INCLUSIVE, FROM INVESTING IN ITS OPEN MARKET OPERATIONS (OMO) AUCTIONS MAY END UP PROVIDING A WELCOME BOOST TO ONE OF THE WORLD’S WORST-PERFORMING STOCK MARKETS, THE NIGERIAN STOCK EXCHANGE (NSE).


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