Nigeria has sold 100.98 billion naira in treasury bills at its latest auction as part of measures to control money supply.
|||Lagos - Nigeria sold 100.98 billion naira in treasury bills at its latest auction on Thursday as part of measures to control money supply in the sub-Saharan Africa's second biggest economy, the central bank said on Friday.
The regulator sold 40 billion naira at 10.24 percent in 364-day treasury bills, 35.98 billion naira in 182-day paper at 9.54 percent and 25 billion naira at 7.50 percent in 91-day papers.
Yields on the papers were generally lower compared to the last auction, with the exception of the 91-day paper which was 10 basis points higher than the previous auction.
At the auction on December 9, the central bank sold 364-day papers at 10.25 percent, 182-day instrument at 9.75 percent and 91-day bills at 7.40 percent.
Nigeria, Africa's top crude oil producer auctions treasury bills regularly to control money supply, curb inflation and help banks manage their liquidity. -Reuters
Psychology Obama administration Lee Bowyer Rugby league Chelsea Weekend breaks
No comments:
Post a Comment