CBN Offers N700bn Treasury Bills After Cancelling Earlier Auction

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CBN Offers N700bn Treasury Bills After Cancelling Earlier Auction

LAGOS — The Central Bank of Nigeria offered N700 billion in treasury bills on 26 August, mostly in 364-day bills. An auction planned for 6 August was cancelled after the bank mopped up N4.69 trillion through OMO auctions. At the 12 August auction, investors bid about N4.4 trillion and N1.46 trillion was allotted, with the one-year rate rising to 17.59 per cent.

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