Treasury Bill

Yesterday, the Central Bank of Nigeria’s (CBN) Treasury Bills Auction, worth N88.46 billion, was 174.6 percent oversubscribed. The 91-day and 182-day tenor bills have stop rates of 2.00 percent and 3.50 percent, respectively. According to the results of the NTB auction, the stop rate for the 364-day tenor bill was set at 9.75 percent. The treasury bill auction was oversubscribed by 174.62 percent, resulting in a total subscription of N242.94 billion. T-bills worth N88.46 billion were issued through the 91-day, 182-day, and 364-day tenors at the primary auction. Bills worth N129.46 billion were allocated to investors at the close of […]