CBN to auction N183.6 billion treasury bills

Channels Television  
Updated April 4, 2012

The Central Bank of Nigeria (CBN) is to auction N183.64 billion in treasury bills at its regular monthly debt auction next week.

Nigeria’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.