The Central Bank of Nigeria (CBN) has successfully sold N1.58 trillion worth of Treasury Bills in its latest auction held on February 21st.
With a focus on managing liquidity in the financial system, the apex bank attracted significant investor interest, setting stop rates as high as 19%.
The auction, segmented into three categories based on tenors, featured N11.96 trillion in 91-day bills with a stop rate of 17.00%, N10.21 trillion in 182-day bills at a 17.50% stop rate, and N243.32 trillion in 364-day bills, offering the highest rate of 19.00%.
Investors, particularly short-term ones, found the 91-day bills especially attractive, given the competitive stop rate.
This substantial sale aligns with the CBN’s ongoing efforts to regulate liquidity in Nigeria’s financial landscape, which demonstrates its commitment to effective monetary policy management amid economic challenges.
