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Interest Rate On 364-Day Nigerian Treasury Bills Drops Further

TOP SECRET REVEALED BY DOCTOR| THIS IS WHAT CAUSES CHEATING THOUGHTS IN MEN AND WOMEN BEFORE MAKING THE MOVES IN RELATIONSHIPS/MARRIAGES |WATCH HIM SPEAK.The interest rate on Nigerian Treasury bills with a 364-day tenor declined again at the primary market auction held on Wednesday by the monetary authorities. ...Tap To Read The Full Story Here | ..Tap To Read The Full Story Here...

The Debt Management Office (DMO), acting on behalf of the Central Bank of Nigeria (CBN), offered ₦275.71 billion across standard maturities to investors during the auction.

Investors showed strong interest, subscribing a total of ₦907.85 billion across 91-day, 182-day, and 364-day maturities, according to auction results. The 364-day bills remained the most attractive option, commanding 98% of the total subscriptions.

The overall bid-to-cover ratio stood at 3.29x, slightly lower than the previous auction’s 4.37x. This significant demand allowed the DMO to increase its allotment, ultimately selling ₦527.84 billion—91% higher than the initial offering. Of the total allotment, 97% went to the 364-day paper at a lower spot rate.TOP SECRET REVEALED BY DOCTOR| THIS IS WHAT CAUSES CHEATING THOUGHTS IN MEN AND WOMEN BEFORE MAKING THE MOVES IN RELATIONSHIPS/MARRIAGES |WATCH HIM SPEAK.

The stop rate for the 364-day bills dropped further to 22.80%, while rates for the 91-day and 182-day bills remained unchanged for the fourth consecutive auction, according to a note from TrustBanc Financial Group.…Read -T.he.Full_Article.Here.

Written by Utweets

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