N32.23b Treasury Bills Mature this Week

By Dipo Olowookere

Treasury bills worth N32.23 billion are expected to mature at the T-bills market this week, Business Post has gathered.

This development is expected to result into stability in interbank lending rates at the market this week.

Also, the treasury bills market is expected to be bullish this week with rates relatively stable.

Last week, the rates dropped as the Central Bank of Nigeria (CBN) auctioned T-bills at the primary market, selling bills worth N117.2 billion.

A breakdown showed it sold the 91-day bills worth N7.89 billion at 12.95 percent, 182-day bills worth N6.21 billion at 15 percent, and 364-day bills worth N103.01 billion at 15.57 percent.