Monday, April 24, 2017 11:54:06 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 easykobo.com on Wednesday, Sep 30 2015 from Lagos, Nigeria



Readers's Opinion(0)
 

If you would like to post comments! Please log in.

Advertisement

TOp 5 Gainers

50.71
10.24%
0.95
5.56%
21.49
4.98%
7.45
4.93%
4.98
4.84%

TOp 5 Losers

7.36
-4.91%
713.5
-4.9%
1.12
-4.27%
0.96
-4%
1.82
-3.7%
Related Articles