CBN to auction N183.6 billion treasury bills
The Central Bank of Nigeria (CBN) is to auction N183.64 billion in treasury bills at its regular monthly debt auction next week.
Nigeriaâ€™s bank regulator will sell N30.15 billion in 91-day paper, N73.49 billion in 182-day bills and N80 billion in 364-day bills on the 11th of April.
Yields on the papers were mixed at the last auction with yields on the 91-day paper falling, while returns on 182-day bills rose.
In the meantime, the Naira remained unchanged against the US dollar on Wednesday after the apex bank increased dollar supply at the bi-weekly foreign exchange auction.
The Naira closed at N157.65kobo against the dollar on the interbank market.
Dealers said they expect the Naira will continue to hover around N157.50-N157.85 for the rest of the week.