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Home Markets Currencies

The C.B.N Sells 129 bln naira in Treasury bills As yields mixed

Editor by Editor
December 4, 2015
in Currencies, Politics
Three Plausible Reasons Why The CBN Is Pumping Trillions Into The Economy

Sample Naira notes and coins from the NSPMC

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The central bank of nigeria revealed on Friday that:

Nigeria raised 129.17 billion naira ($649.10 million) in Treasury bills with maturities from three months to a year at an auction on Wednesday, with mixed yields compared to returns at previous auctions

The result of the auction further showed that:

the bank sold 57.85 billion naira worth of three-month paper at 5.61 percent, up from 5.34 percent at the Nov. 18 auction.

It also sold 18 billion naira worth of six-month debt at 7 percent against 7.2 percent previously, and 53.32 billion naira of one-year paper sold at 8 percent compared with 8.5 percent.

Total demand for the paper rose to 407.53 billion naira compared with 301.04 billion naira demanded by investors at the last auction.

Tags: Treasury Bills
Editor

Editor

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