Result from today's T-Bills Primary market Auction   Sep 12 2018
Sep 12 (Lagos) - Below are the results of today's Nigerian Treasury Bills Primary Market Auction. 



It is not surprising that the stock market declined sharply today while the T-bill were heavily oversubscribed. This is where you want to be until the bears on the stock exchange relent their tight grip on equities. 

 

Auction  Date

12/09/2018

12/09/2018

12/09/2018

Allotment / Issue  Date

13/09/2018

13/09/2018

13/09/2018

Tenor

(91-Day)

(182-Day)

(364-Day)

Offer Amount  (=N=)

6,217,066,000

4,002,523,000

126,085,442,000

Total Subscription (=N=)

3,382,186,000

7,648,976,000

202,336,377,000

Allotment (=N=)

2,650,808,000

4,002,523,000

129,651,700,000

Range of Bid Rates (%):

11.0000 – 14.0000

12.0000 – 13.1970

11.0000 – 20.0000

Stop Rates (%):

11.0000 

12.3000 

 13.5000




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