The Financial Markets Dealers
Association of the Nigeria’s apex bank, CBN says it will sell 225.5 billion naira
worth of treasury bills on Thursday, September 26.
According to the FMDA, the bills
would be sold through the Primary Market Auction and Open Market Operation.
A report on the CBN’s website, said the
bills will consist of 91-day bills worth 31.84 billion naira; 182-day bills
worth 59.08 billion naira and 364-day bills worth 33.78 billion naira.
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| CBN HEADQUARTERS ABUJA |
It said that the three bills were
expected to yield rates of 11.62 per cent, 11.15 per cent and 13.05 per cent
respectively.
At the OMO, the FMDA said it would
sell a 183-day bill worth 100.82 billion naira with a yield of 12.50 per cent.
The FMDA was established to address a credible reference
rate in the Nigerian money and capital markets.
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