Close Menu
OsunDailyNG
  • NATIONAL
  • LATEST
  • POLITICS
  • OSUN NEWS
  • METRO
  • ENTERTAINMENT
  • SPORT
  • BUSINESS
  • WORLD
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
OsunDailyNGOsunDailyNG
Subscribe
  • NATIONAL
  • LATEST
  • POLITICS
  • OSUN NEWS
  • METRO
  • ENTERTAINMENT
  • SPORT
  • BUSINESS
  • WORLD
OsunDailyNG
Home ยป CBN sells record N1tn in Wednesday’s Treasury bills auction
LATEST

CBN sells record N1tn in Wednesday’s Treasury bills auction

OsunDailyBy OsunDailyFebruary 8, 2024No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
eNaira: CBN responds to claim of Nigeria's digital currency causing financial threat
Share
Facebook Twitter LinkedIn Pinterest Email
Reach the right people at the right time with OsunDailyNG. Try and advertise any kind of your business to users online today. Kindly contact us for your advert or publication at newsdesk@osundailyng.com Call or Whatsapp: +2348132512456 07056907162

The Central Bank of Nigeria made a record sale of N1 trillion treasury bills at an auction on Wednesday.

This is according to CBNโ€™s bi-weekly treasury bills auction, held on Wednesday before the February 26 and 27 Monetary Policy Committee meeting.

The auction on Wednesday marked a significant escalation in the volume of treasury bills, with about N1 trillion up for auction.

This includes N600 billion allocated for the 364-day bills and N200 billion each for the 182-day and 91-day bills.

The N600 billion earmarked for the 364-day tenure represents an unprecedented figure, and the cumulative N1 trillion sale is unparalleled, with records dating back to 2001.

In a recent auction held last month, the CBN sold treasury bills totalling N381.2 billion across various maturities of 91, 182, and 364 days.

The interest rates for these maturities were recorded at 5 per cent for the 91-day bills, 7.15 per cent for the 182-day bills, and 11.54 per cent for the 364-day bills, respectively.

Meanwhile, Nigeriaโ€™s money supply stood at over N78 trillion as of December 2023, a factor many analysts attribute to the nationโ€™s accelerating inflation, which was 28.92 per cent in December.


Reach the right people at the right time with OsunDailyNG. Try and advertise any kind of your business to users online today. Kindly contact us for your advert or publication at newsdesk@osundailyng.com Call or Whatsapp: +2348132512456 07056907162
auction Bills CBN N1tn Record Sells Treasury Wednesdays
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
OsunDaily
  • Website

Related Posts

Anti-Matawalle protests sponsored by Zamfara Govt – APC group

May 10, 2025

Gunmen kill three security personnel during attack on anti-banditry office in Jigawa

March 6, 2025

Troops rescue abducted lecturer in Plateau

March 4, 2025

Comments are closed.

Facebook X (Twitter) Instagram WhatsApp Telegram Threads
  • Home
  • Privacy Policy
  • Advertise with US
  • Contact Us
  • About Us
© 2025 OsunDailyNG Media Hub. Designed by OsunDailyNG Media Hub.

Type above and press Enter to search. Press Esc to cancel.

Join Osun DailyNG Media Hub

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.