CBN Sells ₦114.9b Treasury Bills

The Central Bank of Nigeria (CBN) has sold ₦114.89 billion ($717.61 million) worth of treasury bills of maturities ranging between 3-month and one year, with yields slightly higher on 91-day and 364-day paper and flat on the 6-month note.

The apex bank sold ₦32.89 billion worth of 91-day paper at 11.6%, slightly higher than the 11.5% at the previous auction on July 10, ₦30 billion of 182-day paper at 12.75%, the same rate as the previous action.

Also, the bank sold ₦52 billion in the 1-year bond at 13.33%, more than the 13.21% the same tenor was sold on June 26, the last time the note was on offer at the regular auction.

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