Investors Expect CBN to Offer Higher Rates at Today’s PMA

By Dipo Olowookere The Central Bank of Nigeria (CBN) will offer for sale fresh treasury bills to investors via primary market auction on Wednesday, November 14, 2018 (today). Business Post reports that T-bills worth N128.24 billion will mature today, with an equal amount issued by the apex bank in 91-day, 182-day and 364-day instruments. A breakdown of the planned exercise showed that N3.38 billion worth of the 91-day paper, N16.92 billion worth of the 182-day note and N107.94 billion worth of the 364-day instrument would be sold by the central bank. At the last exercise conducted on October 31, 2018, … Continue reading Investors Expect CBN to Offer Higher Rates at Today’s PMA