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Investors to earn N87 billion from maturing treasuries

Investors are expected to be paid more than N87 billion when treasury bills mature this week. According to data from the Money Market, the bills … Continue reading Investors to earn N87 billion from maturing treasuries


Investors are expected to be paid more than N87 billion when treasury bills mature this week.

According to data from the Money Market, the bills are from the Open Market Operation window of the market.

They range from 41 day to 72 day bills, with the least amount to mature put at N11.26 billion.

The Open Market Operation is one of the ways the Central Bank of Nigeria (CBN) mops up excess liquidity from the banking sector.

Meanwhile, lending rates at the interbank market fell across board owing to inflow of liquidity.

Figures from the market show that call money was traded at 10.8 per cent, while the 7 day money closed at 11.12 per cent.

These rates are regarded as one the lowest recorded in the market this year.