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CBN sells N197bn worth of treasury bills

06 May 2013, 16:35

Lagos- Treasury bills worth of N197.15 billion were sold last the week.

This was disclosed by the Financial Market Dealers Association (FMDA) on its Website on Monday.

The association, which comprised all financial institutions in the country, said that four categories of treasury bills were sold at the last bi-weekly auctions.

The association said that these included the 37-day, 62-day, 119-day and 120-day tenor bills.

FMDA said that N6.5 billion worth of 37-day bills were sold at a yield rate of 11.10 per cent, while N2.2 billion worth of 62-day treasury bills were sold at yield rate of 10.04 per cent.

About N38.17 billion worth of 119-day bills were traded at yield rate of 13.30 per cent, while the 120-day treasury bills were sold at yield rate of 13.30 per cent.

FMDA said that N140.62 billion worth of  treasury bills were traded in the preceding week.


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