Saturday, August 13, 2022
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result

CBN to auction N117.55bn T-bills

Ehime Alex by Ehime Alex
May 10, 2021
in Front Page, Money
0
CBN to auction N117.55bn T-bills
3
SHARES
33
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

The Central Bank of Nigeria will auction N117.55bn worth of treasury bills in the week via the primary market.

T-bills worth N207.55bn are expected to mature via the primary and secondary markets during the week, which more than offsets the N117.55bn T-bills to be auctioned by the apex bank.

READ ALSO

Entrepreneurship is rugby, not tennis

Air cargo performance dips as Russia-Ukraine war rages

These include 91-day bills worth N24.67bn, 182-day bills worth N10bn and 364-day bills worth N82.88bn.

Read Also:

  • Air cargo performance dips as Russia-Ukraine war rages
    Air cargo performance dips as Russia-Ukraine war rages
  • Dealing with the ATM nightmare
    Dealing with the ATM nightmare
  • Entrepreneurship is rugby, not tennis
    Entrepreneurship is rugby, not tennis

The apex bank had in the previous week issued a total of N17.06bn at the Open Market Operation auction to partly drain system liquidity arising from matured OMO bills worth N30bn.

Last week also saw the Nigerian Inter-bank Offered Rate move southwards amid net inflows worth of N2.94bn. As a result, NIBOR declined for most tenor buckets.

Overnight funds, specifically, NIBOR for one month, three months, six months and 12 months tenor buckets fell to 14.70 per cent from 21.17 per cent, 9.23 per cent from 12.57 per cent, 10.19 per cent from 13.87 per cent, and 10.83 per cent from 15.25 per cent respectively.

Meanwhile, the Nigerian Inter-Bank Treasury Bills True Yield continued to rise for all maturities tracked, as traders demanded higher yields amid expectation of an increase in stop rates.

The resulting movement for one month, three months, six months and 12 months maturities climbed to 2.21 per cent from 2.09 per cent, 3.08 per cent from 2.78per cent, 4.42 per cent from 4.29 per cent and 8.90 per cent from 8.81 per cent respectively.

In anticipation of a northwards movement this week, Analysts at Cowry Asset Management said, “We expect the stop rate for the 364-day bill to increase, while those of 91-day and 81-day bills remain flattish.”

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn

Tags: CBNOMOT-bills auctionTenor buckets

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Ehime Alex

Ehime Alex

Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

Related Posts

Entrepreneurship is rugby, not tennis
Front Page

Entrepreneurship is rugby, not tennis

August 12, 2022
air cargo performance dips as russian-ukraine war rages
Aviation

Air cargo performance dips as Russia-Ukraine war rages

August 8, 2022
inflation
Front Page

Financial prudence amid inflation, rising transport costs

August 8, 2022
Dealing with the ATM nightmare
CONSUMER PERSPECTIVE

Dealing with the ATM nightmare

August 6, 2022
African workplace
FEATURES

Dealing with entitled employees in African workplace

August 1, 2022
Nigerian Exchange Limited
Front Page

NGX ASI, Market Cap depreciates by 3.10%

August 1, 2022
Next Post
GoDo Hub

GoDoHub announces new advisory board, ED       


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

Entrepreneurship is rugby, not tennis

Entrepreneurship is rugby, not tennis

August 12, 2022
air cargo performance dips as russian-ukraine war rages

Air cargo performance dips as Russia-Ukraine war rages

August 8, 2022
inflation

Financial prudence amid inflation, rising transport costs

August 8, 2022
Nigerian Exchange Limited

NGX ASI, market cap go north, close at N27.358tn

August 8, 2022
Dealing with the ATM nightmare

Dealing with the ATM nightmare

August 6, 2022
African workplace

Dealing with entitled employees in African workplace

August 1, 2022
Nigerian Exchange Limited

NGX ASI, Market Cap depreciates by 3.10%

August 1, 2022

TRENDING

  • air cargo performance dips as russian-ukraine war rages

    Air cargo performance dips as Russia-Ukraine war rages

    2 shares
    Share 0 Tweet 0
  • NGX ASI, market cap go north, close at N27.358tn

    2 shares
    Share 0 Tweet 0
  • The world of hire purchase transporters in Lagos

    2 shares
    Share 0 Tweet 0
  • Dealing with the ATM nightmare

    0 shares
    Share 0 Tweet 0
  • Dissecting Nigerians’ savings culture amid socio-economic headwinds

    0 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS