Central Bank of Nigeria sold 79% of N1 trillion T-Bills to foreign investors for liquidity management.

The Central Bank of Nigeria (CBN) successfully sold 79% of N1 trillion ($680 million) worth of short-term Treasury bills (T-Bills) to foreign investors as part of its liquidity management strategy. The bank oversubscribed its initial N500 billion offering at the Open Market Operations (OMO) auction, selling N1.053 trillion. The CBN aims to curb inflation, stabilise the exchange rate, and bolster confidence in the banking system and economy.

March 04, 2024
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