By Dipo Olowookere Investors purchased Nigerian treasury bills at 19.00 per cent at the primary market on Wednesday, details from the exercise obtained by Business Post have revealed, indicating that the benchmark interest rate could be raised from the current 18.75 per cent when the Monetary Policy Committee (MPC) meeting is held later this month.… Continue reading Nigeria Sells Treasury Bills to Investors at 19% After Spike in Demand
Tag: Nigerian Treasury Bills
Nigeria Sells Treasury Bills at 12% to Attract Investors
By Dipo Olowookere Investors of the Nigerian treasury bills got a better bargain on Wednesday as the instrument cleared at a stop rate higher than the previous exercise. The Central Bank of Nigeria (CBN) auctioned the debt instrument worth N141.4 billion, it received subscriptions valued at N239.3 billion and allotted N179.3 billion at the end… Continue reading Nigeria Sells Treasury Bills at 12% to Attract Investors
Nigerian Treasury Bills Rate Jumps to 5.50% as Demand Rises
By Dipo Olowookere The stop rates of Nigerian treasury bills witnessed an increase at the primary market on Wednesday when the Central Bank of Nigeria (CBN) approached the market with N77.6 billion worth of the asset class. As usual, the appetite of investors for the investment tool remained high and in order not to disrupt… Continue reading Nigerian Treasury Bills Rate Jumps to 5.50% as Demand Rises
Investors Scramble for Nigerian Treasury Bills at 1.20%
By Modupe Gbadeyanka The huge appetite for treasury bills in Nigeria continued this week when the Central Bank of Nigeria (CBN) offered the debt instrument for sale. On Wednesday, August 12, 2020, the apex bank was at the primary market to auction T-bills valued at N56.8 billion to market participants. The investment tool was offered… Continue reading Investors Scramble for Nigerian Treasury Bills at 1.20%