The Central Bank of Nigeria sold N99.12 billion worth of Treasury Bills on Wednesday. Here is the breakdown of the TB’s sold and the interest rates investors will get from buying the bills.
3 Months Treasury Bills
Amount sold – N24.44 billion
Interest rates – 14% (14% IPA)
6 Months Treasury Bills
Amount sold – N21.34 billion
Interest rates – 17.5% (17.09% IPA)
One year Treasury bills
Amount sold – N54.35 billion
Interest rates – 18.5% (18.3% IPA)
Note: IPA= Immediate Past Auction.
All interest is per annum.