THERE are expectations that in the new week, the Central Bank of Nigeria (CBN) will auction treasury bills worth N7.00 billion, viz: 91-day bills worth N2.00 billion, 182-day bills worth N2.00 billion and 364-day bills worth N3.00 billion.
This is just as stop rates are also expected to decrease marginally, given oversubscription in the recently concluded primary market, auction dealers said.
In the new week, the Debt Management Office said it would issue bonds worth N150.00 billion, viz: 12.75per cent FGN APR 2023 (5-Yr re-opening) worth N50 billion, FGN APR 2029 (10-Yr re-opening) worth N50 billion and FGN APR 2049 (30-Yr re-opening) worth N50 billion respectively.
Dealers expect the…
Source: Nigerian Tribune
