GTB 737 banner Yudala banner

Foreigners rush to buy Nigeria’s debt

By News Express on 21/09/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 506


Nigeria’s central bank on Wednesday raised more money from an auction of treasury bills than originally planned after it received subscriptions for almost four times the amount of debt initially on offer, traders said.

The bank raised 215.88 billion naira ($686 million) at the auction, 75 billion naira more than planned, with the one-year paper accounting for most of the debt. Total subscription at the auction stood at 559 billion naira.

Investors bid as much as 18.9 percent for the one-year debt and as low as 13.15 percent for the three months note.

The bank raised 22.78 billion naira in three month bills at 13.15 percent, 24.74 billion naira in six month bills at 16.8 percent and 168.36 billion naira in one-year bills at 17 percent.

Traders said foreign investors sold dollars last week in anticipation of the auction, boosting demand for the bills and also liquidity on the currency market.

However currency market liquidity waned on Wednesday as some international investors were waiting to see where they yields would end up, they said.

The central bank issues treasury bills twice a month to help the government fund its budget deficit, support commercial lenders in managing liquidity and curb inflation. (Reuters)

 

Source News Express

Posted 21/09/2017 2:48:24 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
FAAN faults ranking of Port Harcourt airport as...

N40bn life pensions: SERAP replies Fayemi, rules out...

Lagos: Igbos set for protests over assassination attempt...

Akunyili getting better, says spokesman, dismisses rumours of...

UN: Az-Zubair’s appointment a global endorsement of Nigeria...

Anambra Govt. begs striking judiciary workers

Boko Haram terrorists not northerners —NEF

Israel loses secretive oil pipeline case to Iran,...

Widow, 92, withdraws suit seeking return of Lagos...

Okupe, Omokri, Abati not qualified to clean Oby...

Oil thieves kidnap 9 policemen

APC denies allegation of voter’s card purchase in...

 

Latest News Osibanjo, Saraki, APC governors storm Awka for Tony Nwoye’s guber campaign flag-off Police nabs armed robbers in Customs uniform Reps seek free drugs, chemotherapy for cancer patients FBI hails EFCC’s role in cracking $3.7m scam Zenith Bank declares N531bn gross earnings in 9 months NIMASA appeals NLNG’s victory in tax holiday suit 11 children die of whooping cough in Kano Edo plans new estates, towns; targets Diaspora community Cyber security experts converge for CYSEC NG 2017 Anambra: 25 political parties may adopt ACPN’s Ojiba as consensus candidate Aregbesola set to unveil registration card for Osun residents, commission another state-of-the-art school Bayelsa Commissioner tasks female journalists over ‘ContrimanDirect’

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (287,302 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (269,885 views) Shameless Genevieve Nnaji exposes breasts in public (218,133 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (183,493 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (179,378 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (161,939 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (140,394 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (128,651 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (123,526 views) Lagos plane crash: Journalist releases victims’ names (114,066 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (112,077 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (104,431 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (29) Business (2,725) Business Verdict (24) Columnists (757) Complaints & Requests (93) Enterprise & Opportunities (183) Entertainment (395) Features (497) Global Business Monitor (187) International (1,580) Interviews (134) Live Commentary (28) Love Matters (78) News (29,462) Opinion (825) Pidgin (8) Politics (3,987) Religion (645) Sports (1,338) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN Advert

 

 

#MonkeyPox outbreak

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!