As part of its tight monetary stance, the Central Bank of Nigeria will on Wednesday sell N134.88bn in treasury bills.
The CBN sells treasury bills bi-monthly to manage the volume of money supply in the economy.
The maturities of the treasury bills on offer will range between three months and one year.
A breakdown shows that the bank will issue N34.88 billion in 3-month bills, N48 billion in 6-month bill and N52 billion in one-year bills.
The treasury bills market commenced last week flat but subsequently fed off the Wednesday’s bond auction.
The short end of the curve experienced sell-offs driving rates higher as institutional investors looked to position ahead of this week’s primary market auction.
