CBN to auction N157bn treasury bills 

As part of efforts to continue to manage the level of liquidity in the economy, the Central Bank of Nigeria (CBN) will this Wednesday auction treasury bills worth N157.06 billion.
The periodic auction of the fixed income instrument is in line with the central bank’s tight monetary stance and its resolve to keep inflation at single-digit. A breakdown of the treasury bills to be auction showed that it comprises 91-day bills worth N22.06 billion; 182-day bills worth N30 billion; and 364-day bills worth N105.00 billion. However, outflow from the system through the treasury bills auction would be countered by maturing bills at the Primary Market Auction as treasury bills worth N157.06 billion would mature this Thursday. The maturing bills would consist of 91-day bills worth N22.06 billion; 182-day bills worth N30.00 billion; and 364-day bills worth N105.00 billion.

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