CBN Raises N277.47bn From Treasury Payments Market In January

CBN Raises N277.47bn From Treasury Payments Market In January
Central Bank of Nigeria
Central Financial institution of Nigeria


Information collated has proven that the Central Financial institution of Nigeria (CBN) raised N277.47 billion via the treasury payments (TBills) market in January 2023.

The apex financial institution carried out TBills public sale twice price N55.39billion within the first public sale and N220.53billion within the second public sale.

The breakdown disclosed that the CBN on the first public sale on January 11, 2023, provided TBills price N56.93 billion – N1.55 billion for the 91-day, N1.49 billion of the 182-day, and N53.90 billion of the 364-day to traders.

Demand was larger, particularly for the 364-day TBills, as the whole subscription settled at N310.44 billion, adopted by 182-day TBills witnessed N56.2 billion complete subscription and 91-day TBills at N22.44 billion complete subscription.

With an inflation price of 21.7per cent year-on-year, traders centered on the 364-day tenor Treasury invoice at a 7.3per cent yield throughout the first public sale by the CBN.

Ultimately, the CBN allotted precisely what was provided at respective cease charges of two per cent (beforehand 2.75per cent), 4.33per cent, beforehand 7.15per cent, and seven.30per cent which was beforehand 8.49per cent.

The primary TBills public sale was pushed by larger demand for payments throughout the market, supported by the ample liquidity within the monetary system.

At January 25, 2023 TBills public sale, the CBN provided devices price N220.53 billion – N1.74 billion of the 91-day, N1.26 billion of the 182-day, and N217.53 billion of the 364-day TBlls.

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