DMO Sells N254.96bn  in Treasury Bills at Higher Yields

Nigeria’s Treasury bill yields rose across the board at an auction on Wednesday compared with a previous sale on February 18, the Debt Management Office (DMO) said on Thursday.
The DMO said it sold a total of N254.96 billion ($1.3 billion) of the debt against bids worth N318.58 billion.
The 91-day debt note worth N17.85 billion was sold at 10.8 percent compared with 10.75 percent fetched at the previous auction, the debt office said.
The 182-day paper worth N15.03 billion was sold at 14.85 percent versus 13.70 percent previously, it added.
The debt office said a total of N222.08 billion of the 1-year debt note attracted 15.89 percent against 15.25 percent at the previous auction.

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