Home Business Nigeria sells 167 bln naira in Tbills, yields fall

Nigeria sells 167 bln naira in Tbills, yields fall


LAGOS, March 19  – Nigeria’s treasury bill yields fell across the board at an auction on Wednesday, compared with a previous sale on March 4, the central bank said Thursday.

The bank said it sold a total of around 167 billion naira ($840 million) of debt, less then the 447.81 billion naira worth of bids submitted by investors. Bids at the last auction stood at 318.58 billion naira.[pro_ad_display_adzone id=”10″]

It sold 33.87 billion naira worth of the 91-day note at 10.79 percent, broadly flat against the 10.8 percent fetched at the previous auction.

The 182-day bond worth 50.27 billion naira was sold at 14.7 percent, against 14.85 percent previously, the central bank added.


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The bank said a total of 83 billion naira worth of the 1-year note attracted 15.35 percent compared with 15.89 percent at the previous auction. ($1 = 199 naira) (Reporting by Oludare Mayowa; Editing by Tim Cocks)(Reuters)

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