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TREASURY BILLS
The CBN has ordered all commercial banks and other financial institutions to ensure treasury bills are not sold to individuals and small firms.
This why Nigerian Millennials will rather invest in cryptocurrency and ponzi scheme.
The Treasury Bills Auction of the Central Bank of Nigeria (CBN) held last Wednesday was oversubscribed.
Following the OMO ban, Investors scrambled after treasury bills but the CBN rejected over N430 billion in bids
Of all recent government policies the recent closure of the border with the Republic of Benin to goods is having the most immediate effects on prices.
UBA, Zenith Bank and Access Bank led the pack of banks that dominated transactions in the T-Bills and FGN bonds in half year ended June 30, 2019.
Nigerian Treasury Bills: Learn everything about Tbills
The average money market rate dropped by 6.36% to settle at 3.54% from 9.90% in the previous week due to the significant improvement in system liquidity during the week.
Welcome to Nairametrics‘ summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills and Bond.
The Central Bank of Nigeria (CBN) has published its Treasury Bills program for July – September of 2019, indicating that it planned to raise about ₦1 trillion in cash.
The FGN Bond market opened the month on a firmly bearish note, with yields trending higher by c.14bps, as market players reacted to the hike in the 1yr OMO rate by the CBN to 13.50% (15.60% yield), which weakened bid prices further, especially on the short end of the curve.
Investors in financial markets are exposed to all sorts of risks. The financial market is hardly ever stable, as the prices and values of assets fluctuate