The Central Bank of Nigeria plans to raise about N826.31bn ($5.26bn) worth in treasury bills, ranging between three months and one year in the first quarter of the year. The CBN, in a statement on Friday, said it plans to auction N331.29bn naira in 91-day, 182-day and 364-day paper in […]
Tag: Treasury Bills
Treasury Bills Subscription Rises to N659bn in November
Treasury Bills subscription in November increased by 12.2 per cent to N659 billion, compared to the N587.55 billion recorded in October, a report by the Financial Market Dealers Association (FMDA) has shown. The FMDA stated this in its financial and economic report for November obtained at the weekend. It showed […]
CBN Withdraws N128 Billion from Circulation
In line with its tight monetary policy regime, the Central Bank Nigeria (CBN) at the weekend withdrew a total of N127.97 billion naira from the system, through sale of treasury bills (T-bills). The CBN sold N32.488 billion of 91-day T-bills at a yield of 11.95 percent. The central bank also […]
