CBN Sells Treasury Bills Worth N134.57

The Central Bank of Nigeria (CBN) on Thursday June 26, 2014 said that it sold N134.57 billion worth of treasury bills at Primary Market Auction (PMA) windows.

The Central Bank of Nigeria (CBN) posted the information on the sales of the bills on its website : Here

The CBN said that it sold N21.54 billion worth of 91-day bills, N31.84 billion worth of 182-day treasury bills and N81.19 billion of 364-day treasury bills at the PMA.

It said that the three bills had yield rates of 9.95 percent, 10.25 percent and 10.35 percent respectively.

At the PMA, the apex bank also issued N90 billion worth of one-year bills at a yield rate of 13.87 percent.

The CBN also said that it sold 190-day treasury bills worth N97.09 billion at yield rate of 10.20 percent.

The News Agency of Nigeria (NAN) reports that the bank sold N168.3 billion of the three categories of bills on June 18.

The coupon rates on the three categories of bills were 9.9 per cent, 10.38 per cent and 10.4 per cent respectively.

Ajibola Aderonke is an auditor at professional services firm Ernst & Young (EY). She previously worked another Big 4 accounting firm PwC. She can be reached at ajibolaaderonke@gmail.com for ideas and suggestions. The post above and its ensuing comments, if any, is purely the opinion of the writer.