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    Nigeria raise N252.88b at treasury bill auction

    Chronicle EditorBy Chronicle EditorFebruary 1, 2018No Comments2 Mins Read
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    EFCC asks court to dismiss Emefiele’s move to stop seizure of $2.04m
    EFCC asks court to dismiss Emefiele’s move to stop seizure of $2.04m
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    Godwin Emefiele, CBN Governor has sold treasury bills to raise funds

    Nigeria raised 252.88 billion naira ($827 mln) at a treasury bill auction on Wednesday as investors piled demand into the higher yielding one-year debt, traders said on Thursday.

    The central bank sold 177.22 billion naira of one-year debt at a rate of 13.7 percent. It auctioned 6.09 billion naira of three-month debt at 12 percent, and 69.57 billion naira of six-month maturity debt at 13.65 percent.

    Total subscription stood at 355.2 billion naira.

    Traders said some offshore funds participated at the auction, helping boost dollar liquidity on the currency window for investors to keep naira rates stable.

    The bank has maintained tightened liquidity to attract foreign buyers.

    READ: Trump Russia: Republicans tampered with memo on FBI

    Nigeria’s debt office plans to raise $2.5 billion through Eurobonds in the first quarter to refinance a portion of its domestic treasury bill portfolio at lower cost.

    It repaid 198 billion naira worth of treasury bills in December, instead of rolling them over, to lower costs.

    Investors bid as high as 18.5 percent for the one-year paper.

    However, the government has been offering debt at lower yields to track declining inflation, which fell for the eleventh straight month in December, to 15.37 per cent.

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    Troops nab 25 suspected bandits, kidnappers along Benue highway 

    Troops nab 25 suspected bandits, kidnappers along Benue highway 

    July 2, 2025
    Mark says Tinubu’s govt hijacking democracy, fueling poverty, insecurity

    Mark says Tinubu’s govt hijacking democracy, fueling poverty, insecurity

    July 2, 2025
    Staff members of the Federal Capital Territory Administration, FCTA, under the Joint Union Action Committee, JUAC, ended their three-day protest on Wednesday.

    FCTA workers end protest, issue 21-day ultimatum

    July 2, 2025
    Mexico uncovers over 400 corpses in 'house of error'

    Mexico uncovers over 400 corpses in ‘house of horror’

    July 2, 2025
    Minister for Justice and Attorney-General Abubakar Malami EFCC assets

    Ex-AGF Malami dumps APC, joins ADC, cites national decline

    July 2, 2025
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