CBN sells N134.57bn worth of treasury bills

The Central Bank of Nigeria (CBN) on Thursday 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.

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 per cent, 10.25 per cent and 10.35 per cent respectively.

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

It also said that it sold 190-day treasury bills worth N97.09 billion at yield rate of 10.20 per cent.

CBN sold N168.3 billion of the three categories of bills on 18 June.

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