Nigeria sells 117 bln naira Treasury bills, yields broadly flat

Follow 9News Nigeria On Social Media

Central Bank of Nigeria (CBN) Governor, Godwin Emefiele
Central Bank of Nigeria (CBN) Governor, Godwin Emefiele
Social sharing

LAGOS Dec 1 (Reuters) – Nigeria sold 117.16 billion naira ($372.46 million) in short-dated treasury bills at an auction on Wednesday, with yields broadly unchanged from rates at the previous auction, data from the central bank showed on Thursday.

Africa’s top economy sold 26.14 billion naira worth of the 3-month paper at 13.99 percent, the same rate fetched by similar tenor paper at the last auction on Nov. 16.

A total of 11 billion naira of 6-month debt was sold at 17.49 percent, slightly higher than 17.40 percent at the previous auction, while a total of 80.02 billion naira of 1-year bills was sold at 18.69 percent, compared with 18.70 percent previously.

Total subscriptions stood at 156.56 billion naira against 158.07 billion naira at the last auction, the data showed.

Nigeria issues treasury bills to raise cash to fund the budget deficit, manage banking system liquidity and curb rising inflation. ($1 = 314.56 naira) (Reporting by Oludare Mayowa; Editing by Chijioke Ohuocha)

 

Leave your comment on this post

THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN

WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.
READ ALSO  Panic As Police And DSS Clash(Photo, Video)

Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi

The economic crisis and hardship in Nigeria are parts of the discussion.


Watch, leave your comments, and share to create more awareness on this issue.


#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com

Leave your comment

Click on the link below or Scan the QR Code to join the 9News Nigeria WhatsApp Channel

9News Nigeria Investigative Reports WhatsApp Channel
9News Nigeria Investigative Reports WhatsApp Channel
About 9News Nigeria 13309 Articles
9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: info@9newsng.com Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng

Be the first to comment

Leave your comment