Wednesday, December 19, 2018 5:31:10 PM- Nigerian Stock Exchange.



  CBN announces redemption of maturing treasury bills

      

04 December 2018 : The Central Bank of Nigeria (CBN) announced plans to fully redeem the N78.05 billion in maturing treasury bills on the 13th and 20th of December, while those due on the 3rd of January 2019 will be partially redeemed by N84.45 billion per instructions by the Debt Management Office (DMO). This means that there will be no Primary Market Auctions held by the CBN in December. 


The absence of primary auctions this month could lead to greater system liquidity and higher demand in the secondary market as investors re-invest their funds. However, analysts expect the CBN to push for tighter system liquidity so as to reduce pressure on the naira in the foreign exchange market. As a result, analysts anticipate an increase in the spate and size of OMO offerings over the next month as the CBN looks to contain naira liquidity. 


Reporting for EasyKobo on Tuesday , 04 December 2018 in Lagos, Nigeria


Source: Vetiva Capital Management Limited





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