CBN Sells N119.93bn Treasury Bills

The Central Bank of
Nigeria (CBN) says it sold N119.93billion worth of treasury bills  on November 19, at its weekly sale.
The bank, according to  data on its weekly sale of government securities posted on its website on Thursday, said it sold three categories of securities.
The securities are 91, 182 and 364-day treasury bills.
The bank said that the bills were sold at the Primary Market Auction (PMA) wing of the CBN.
It said that the bills were worth N32.44billion, N22.82billion and N64.67billion, respectively.
It also said that the 91-day bills would mature on February 19, 2015 with a yield of 10.25 per cent, while the 182-day bill would mature on May 21, 2015 with an interest of 11.42 per cent.
CBN added that the 364-day bills would mature on November 19, 2015 with a yield of 14.26 per cent.