CBN Set To Roll Out Treasury Bill Of N89.5 Billion

The Central Bank of Nigeria is set to conduct a primary market auction today, Wednesday, to roll over N89.5 billion worth of Treasury bills maturing on Thursday.

The roll over will be done across the 91-day, 182-day and 364-day tenors.

The CBN offered a total of N900 billion at the Open Market Operation auctions, which were conducted on all trading sessions last week except on Wednesday, and successfully mopped up approximately N809 billion out of a 1.1x over-subscription of N945.3 billion.

The medium-term bill had more interest as N800.8 billion was subscribed against the N570bn offered.

 

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