The Central Bank of Nigeria is expected to auction N216.09 billion treasury bills on Thursday.
This is according to CBN’s recent data on Treasury Bills.
Accordingly, the apex bank will be auctioning N16.59 billion
for the 91-day tenor, N51.34 billion for the 182-day tenor, and the 364-day
148.15 billion.
Recall that at the last Treasury Bill auction, the one-year
Treasury Bill yielded 28.36 percent, the highest this year, fueled by an
interest rate hike which stood at 26.75 percent in July 2024.
Data showed the recent Treasury bills yield of 28.36 percent
was a 0.86 percent increase from 26.96 percent at the last auction and higher
than the 26.01 percent yields that have been since March.
CBN had announced its plan to issue N1.56 trillion in
Treasury bills during the third quarter of 2024, matching the amount set to
mature between June and August this year.
The amount to be offered in Q3, 2024 is 4.87 percent lower
than N1.56 trillion issued in the second quarter of 2024.
Treasury bills are government securities issued by the CBN
to help achieve short-term capital needs.
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