Sunday, October 22, 2017 6:32:57 PM- Nigerian Stock Exchange.

  CBN sells T-bills for N53bn as NAIRA weakens


Sep 30 (Lagos) - Central Bank of Nigeria sold N53.1bn (US$266.6m) worth of treasury bills on Tuesday in a bid to mop up excess liquidity as the currency weakened on stronger demand from importers. 

The apex bank issued the 275-day open market operations (OMO) bills at 13.50%, according to sources. The inter-bank lending rate traded at 6% for overnight placement, almost unchanged from Monday's 5.83%. 

reporting for on Wednesday, Sep 30 2015 from Lagos, Nigeria

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