CBN Issues N132bn in T-bills at Lower Rates  

Nigeria sold N131.82 billion  ($822.59 million) in treasury bills on Wednesday (9th October) with maturities ranging between three months and one year with yields broadly flat compared with the previous auction, central bank data showed on Thursday.
The bank sold N20.15 billion  worth of 91-day paper at 10.8 percent compared with 10.85 percent at the previous auction on Sept. 26.
The regulator sold N43.49 billion naira in the 182-day note at 11.64 percent, slightly lower than the 11.69 percent at the last auction, while a total of 68.18 billion naira of the 364-day debt was sold at 11.74 percent, the same returns as at the Sept. 26 auction.
Investors’ bids reached N250.55 billion  compared with N315.48 billion at the previous auction.

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