It’s On: CBN Announces Another Round of ‘Mouth Watering’ Treasury Bills Sales

The Central Bank has announced that it plans to sell Treasury Bills worth about N142.43 billion at an auction on Feb. 15.

Breakdown of the sales are as follows;

• 91 days – N32.43 billion
• 182 days – N30 billion
• 364 days – N80 billion

A total of N302.4 billion was raised via treasury bills last week and about  N242 billion is planned “due to strong demand for the one-year debt”.

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It is also reported that the CBN has been offering investors higher yields so they can “lure” them to invest more. Last week, one year bills went for as high as 22%!! Mouth watering stuff.

Here is the result of the bills sold last week;