Tag: Treasury Bills

Nigeria’s CBN treasury bills auction attracts N3.1trn
News

Nigeria’s CBN treasury bills auction attracts N3.1trn

The Central Bank of Nigeria has released the results of its Treasury Bills auction conducted on February 5, 2025, which has attracted over N3.1 trillion in subscriptions. For the 91-day bills, N50 billion was offered, N42.37 billion subscribed, and N31.94 billion allotted at an 18% stop rate. In the 182-day bills, N120 billion were offered, […]

News

CBN sells treasury bills at 22.1% stop rate

The Central Bank of Nigeria has sold one-year Treasury Bills at a stop rate of 22.1% in a recent auction held on July 24, 2024. This step underscores the central bank’s ongoing strategy to manage liquidity and curb inflation within the economy. The CBN offered a total of ₦277.96 billion across various tenors in this […]

Nigeria's treasury bills rate hit 13.9%
Business

Nigeria’s treasury bills rate hit 13.9%

Investors submitted a bid of N1.5 trillion for one-year (364-day) treasury bills at a striking rate of 13.9% per annum at the most recent auction on August 23rd, 2023. The fact that only N283 billion from the bid was accepted, however, shows the ongoing pattern of investors greatly oversubscribing to these short-term risk-free investments. The […]