The Central Bank of Nigeria (CBN) yesterday released its Treasury Bills Issuance Programme for the first quarter of 2019. In all, the central bank will sell treasury bills worth ₦907.880 billion this quarter. A breakdown of the debt instrument showed that while a total of 91-day bills valued at ₦50.977 billion would be auctioned; ₦178.843 […]
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Nigeria’s investment climate recorded a mixed performance in the month of August in line with global trends. A review of the different segments of the markets where investors staked their funds showed that foreign investors have continued to dump the FGN Bond as a result of persisting risk-off sentiments across emerging markets. Nevertheless, the best […]
Read More The financial markets ended last week with some optimism of revived demand for FGN bonds and treasury bills in the secondary market this week, anchored on expectation of increased excess liquidity in the interbank money market due to inflow of ₦364 billion from maturing treasury bills. Last week the decline in yields on FGN bonds […]
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The Federal Government raised ₦252.88 billion ($827 million) at a treasury bill auction on Wednesday as investors piled demand into the higher yielding one-year debt, traders said on Thursday. The Central Bank of Nigeria sold ₦177.22 billion of one-year debt at a rate of 13.7 per cent. It auctioned ₦6.09 billion of three-month debt at […]
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The Debt Management Office (DMO) is set to repay in full at maturity, the ₦198.032 billion Nigerian Treasury Bills (NTBs) maturing this month. Details provided yesterday by the debt office showed that ₦131.415 billion and ₦66.617 billion of NTBs will mature on December 14 and 21. Before now, the practice was to rollover NTBs at […]
Read More The Central Bank of Nigeria on Wednesday raised more money from an auction of treasury bills than originally planned after it received subscriptions for almost four times the amount of debt initially on offer, traders said. According to Reuters, the country apex bank raised ₦215.88 billion ($686 million) at the auction, ₦75 billion more than […]
Read More Nigeria’s Central Bank (CBN) has revealed plans to sell ₦917.1 billion worth of treasury bills in the next three months ending November 30. The apex bank disclosed this through its fourth quarterly Treasury Bills Issuance programme released yesterday. CBN issues treasury bills twice a month to help the government fund its budget deficit, support commercial […]
Read More The Nigerians Government is looking forward to borrowing ₦1.24tn in the third quarter via the issuance of Treasury bills by the Central Bank of Nigeria. A CBN debt calendar for the third quarter released on Friday showed that it would sell ₦1.24tn ($4.1bn) worth of treasury bills from June 15 to August 31. The apex […]
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The Central Bank of Nigeria (CBN) at the weekend, sold about N51 billion ($168 million) worth of treasury bills to mop up liquidity even as the overnight lending rate traded flat around 10 per cent, traders said. The bank sold N25 billion of 174-day open market operation bills at 18 per cent and N26 billion […]
Read More For Nigerians with excess cash looking for where to invest can be nightmare. It’s a bit ironic considering that those without cash typically have a gazillion ideas of what they can do with cash if they have it. Recently, we have been getting calls from some of our followers asking us about what sort of […]
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[T]he Central Bank of Nigeria has sold a total of N150.6bn worth of Treasury bills at higher yields, data from the CBN have shown. Yields on the short-dated treasury bills rose marginally at an auction on Wednesday where the CBN sold a total of N150.6bn worth of debt with maturities ranging between three months and […]
Read More [su_dropcap]T[/su_dropcap]he Central Bank of Nigeria borrowed N114.97bn ($579.05m) through three-month to one-year Treasury bills on Wednesday at higher returns than in its previous auction, the Debt Management Office said on Thursday. The debt office said N18.12bn of three-month paper was sold at 5.99 per cent, up from 5.74 per cent at a sale on March […]
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