Nigeria In One Minute
CBN to auction N58.5bn Treasury bills to sustain stock market
The Central Bank of Nigeria will conduct a primary market auction on Treasury bills this week, offering a total of N58.5bn across the 91-day (N5.8bn), 182-day (N29.2bn) and 364-day (N23.4bn) tenors.
The 91-day tenor recorded the last stop rate of 10.29 per cent on Friday, the 182-day tenor recorded the last stop rate of 12.6 per cent, while the 364-day tenor had the last stop rate of 12.85 per cent.
The Treasury bills secondary market sustained its bullish run into the second trading week of the second quarter of 2019.
Read more: Punch, April 16, 2019
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