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NIGERIAN TREASURY BILLS
The latest Nigerian Treasury Bills (NTBs) auction held on June 5, 2024, unveiled a significant trend as investors leaned heavily towards the longer-term 364-day bills while showing reluctance for the shorter-term 182-day bills.
The Central Bank of Nigeria (CBN) plans to re-issue maturing Nigerian Treasury Bills (NTBs) worth N1.56 trillion in the third quarter of 2024.
The Federal Government has allocated approximately N4.83 trillion from the proceeds of Nigerian Treasury Bills (NTBs) and Bonds issued in 2024 to settle the Ways and Means Advances from the Central Bank of Nigeria (CBN).
The Central Bank of Nigeria (CBN) successfully conducted an auction of Nigerian Treasury Bills (NTBs) on March 27, 2024, which saw a substantial amount of N1.64 trillion being sold, as shown in the auction result report.
The Central Bank of Nigeria (CBN) has sold N161.5 billion worth of Nigerian Treasury Bills (NTBs) across various maturities at its auction on March 13, 2024.
The 364-day treasury bills stop rates spiked to 19% per annum, the first clear signal that the central bank was moving towards a hawkish monetary policy. The 182-day and 91-day bills also rose to 18% and 12.2%
As Nigerians navigate economic shifts and market fluctuations in 2024, there is a heightened quest for secure and rewarding short-term investment gains.
Investors will remain interested in risky assets if monetary authorities abstain from offering risk-free returns above the rate of inflation
The treasury bills rate has witnessed a significant increase in recent times on the back of multiple MPR upward adjustments by the CBN
There is need to watch out for any style shift that may increase the risk attributes of pension fund portfolio structure.
Over the last few days, there have been notices from a couple of banks advising a downward review of deposit rates.
Nigerian Treasury Bills: Learn everything about Tbills