Nigeria’s naira firmed against the U.S dollar on the interbank market on Wednesday, supported by dollar inflow from offshore investors buying local debt and waning demand for hard currency, traders said. The local unit strengthened to 157.25 to the dollar, firmer than the 157.39 it closed at on the previous […]
Tag: Treasury Bills
Inter-bank rates flat on mature T-bills
Inter-bank lending rates were flat across the board last week at an average of 10.58 per cent, as liquidity was buoyed by the repayment of about N190bn in mature open market operation treasury bills. Dealers said the repaid treasury bills helped the market to open with a positive cash balance […]
Nigeria plans 101 bln naira T-bill auction
Nigeria plans to issue 101.21 billion naira ($641.18 million) in treasury bills ranging from 3-month to 6-month maturities at its regular bi-monthly debt auction on Thursday, the central bank said on Tuesday. The bank said it will issue 37.48 billion naira in 91-day paper and 63.73 billion naira in 182-day […]
