Nigeria has raised N127.07 billion ($638.86 million) in trading treasury bills whose maturities range between three months and one year at lower yields compared with its previous auction. This was disclosed by the Central Bank of Nigeria (CBN) on Thursday.
The apex bank under Godwin Emefiele in September announced that the CBN planned to auction N814.78 billion in Treasury bills between September 17 and December 3, 2015.
CBN has sold N25.40 billion of the 91-day paper at a yield of 10 percent, which is a rate down from 10.50 percent at the September sale.
It sold N33.49 billion worth of six-month paper at a yield of 12.20 percent, down from 13.39 percent 0n Sept. 2, and paid 12.50 percent to sell N68.18 billion of one-year debt less than the 14.69 percent yield at the previous auction.