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Nigeria Sells N622.7 Billion in Treasury Bills in September as Commercial Papers Decline by 42.5%
Detailed Breakdown:
In September 2024, the Debt Management Office (DMO) sold N622.7 billion worth of Treasury Bills (T-bills), marking a 22.8% increase from N507.1 billion sold in August. This...
CBN WITHDRAWS N1.3 TRILLION FROM BANKING SYSTEM IN SEPTEMBER TO TIGHTEN LIQUIDITY
The Central Bank of Nigeria (CBN) withdrew N1.3 trillion from the banking system in September 2024 through Nigerian Treasury Bills (NTB) and Open Market Operations (OMO) auctions, according to a report by...
STANBIC IBTC BANK ENABLES LENDING OF BONDS, TREASURY BILLS
Stanbic IBTC Bank Limited has expanded its securities lending services to include fixed-income securities like treasury bills and sovereign bonds, allowing investors in the Nigerian capital market to diversify their portfolios and...
INTEREST RATE ON NIGERIAN TREASURY BILLS INCREASES TO 21.24%
The Debt Management Office (DMO), on behalf of the Central Bank of Nigeria (CBN), conducted a primary market auction (PMA) last week, where the spot rate on Nigeria’s 364-day Treasury bills was increased to 21.24%. This rate hike aims...
CBN TO AUCTION N166bn T-BILLS
The Central Bank of Nigeria (CBN) will auction N166.1 billion in Treasury bills. The auction includes N27.11 billion for 91-day bills, N1.49 billion for 182-day bills, and N137.50 billion for 364-day bills. The CBN plans to issue N1.56 trillion in Treasury bills in...
Financial analysts predict a stable outlook for Nigeria's upcoming Treasury Bills auction, with rates expected to remain steady despite increased offer amounts and enhanced system liquidity.
Key Details:
- The Central Bank of Nigeria (CBN) will auction T-Bills totaling NGN 228.72bn, with...
INVESTORS SHUN 182-DAY T-BILLS, FLOCK TO 364-DAY BILLS WITH N677 BILLION SUBSCRIPTIONS
In the latest Nigerian Treasury Bills (NTBs) auction on June 5, 2024, investors showed a strong preference for 364-day bills over 182-day bills. The auction raised N278.4 billion in total, highlighting...
LET'S DISCUSS TREASURY BILLS
What Are Treasury Bills (T-Bills)?
- Treasury Bills (T-Bills) are short-term financial instruments issued by the government. Here are the key points:
1. Issued by the Government:
- T-Bills are issued by the Central Bank of Nigeria (CBN).
2...
There are millions of legitimate ways to make money in Nigeria. If you are looking for how to get rich or how to make money from your home. You are at the right place. A lot of our users have asked us time after time. How can one make money in Nigeria?
Considering the level of poverty in...
The treasury bills used to be very robust and rewarding for investors, but now, that has changed. The Central Bank of Nigeria reduced the return on treasury bills investing by more than 80 percent and people are not happy about it.
The Nigeria stock exchange has been losing money for a long...
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