Open Market Operation Bill
Definition
What is Open Market Operation Bill?
A short-term securityA tradable financial claim or ownership interest, such as a share, bond, or fund unit. issued by the Central Bank of NigeriaNigeria's central bank and monetary authority. mainly for liquidityThe ease and speed with which an investment can be converted into cash without a major price concession. management.
Example in practice
How This Looks in Practice
Institutional investors may buy OMO bills when eligible.
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Related Terms
Nigerian Exchange
Nigeria's principal securities exchange, where listed shares, bonds, ETFs, and other instruments trade.
Nigeria InvestingNGX All-Share Index
A broad index designed to measure price movements of eligible equities listed on the Nigerian Exchange.
Nigeria InvestingCentral Securities Clearing System
Nigeria's central securities depository and clearing infrastructure for eligible capital-market securities.
Fund BasicsMutual Fund
A pooled investment vehicle that combines money from many investors into one professionally managed portfolio.