CBN Auctions N136.31b Fresh T-Bills as Investors Seek Higher Rates

By Dipo Olowookere

Treasury bills valued at N136.31 billion would be auctioned today by the Central Bank of Nigeria (CBN).

This exercise will be conducted via the primary market auction (PMA) and investors would be expecting to get stop rates higher than the last exercise two weeks ago.

A breakdown of the planned auctioning showed that the apex bank will offer market players 91-day bills worth N6.21 billion, 182-day bills worth N4 billion and 364-day bills worth N126.09 billion.

Business Post reports that at the last exercise conducted on August 29, 2018, the 91-day bills cleared at 11 percent, 182-day bills at 12.30 percent and the 364-day bills at 13.05 percent.