Nigeria Sells N134.5 Billion Worth of Treasury Bills
Posted On Jun 30, 2012
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The Central Bank of Nigeria, CBN has revealed that Nigeria has sold a total of N134.56 billion in treasury bills
with maturities ranging from three months to one year at its bi-monthly auction.
The bills were sold with yield performance at a higher percentage than the previous auction.
Africa’s second biggest economy, Nigeria issues treasury bills regularly to reduce the money supply, curb inflation
and help lenders manage their liquidity.