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Menu Menu * Home * Business * Politics * Nigeria * International 2Open submenu * Health & Wellbeing * Education * Life & Style * Sport * Editorial * Backpage * Close submenuInternational * Africa * Rest of the World * * Wednesday, 8th February, 2023 * * * * Home * Business * Politics * Nigeria * International * Africa * Rest of the World * Health & Wellbeing * Education * Life & Style * Sport * Editorial * Backpage * Search for: Breaking News COURT DISCHARGES, ACQUITS OMOKORE, FIRMS OF $1.6BN FRAUD ALLEGATIONS 6 HOURS AGO NAIRA SCARCITY: BUHARI, BAGUDU, TAMBUWAL, EMEFIELE, BAWA MEET, SEEK SOLUTION 6 HOURS AGO PDP: APC CANDIDATE HOARDING CASH, CAUSING NIGERIANS PAINS 6 HOURS AGO FG BLAMES OPPOSITION FOR POLITICISING NAIRA REDESIGN POLICY 18 HOURS AGO LATEST HEADLINES Nigeria NBA PETITIONED OVER PROVISIONS OF FINANCE ACTS, 2021, 2022 10:02, 8th Feb, 2023 by Ima Ekanem Nigeria UTME: JAMB CANCELS REGISTRATIONS OF 817 CANDIDATES 09:33, 8th Feb, 2023 by Ima Ekanem Premium OURANOS TECHNOLOGIES LAUNCHES $2M LAB 09:31, 8th Feb, 2023 by Mary Nnah Nigeria NACETEM TO PARTNER LOCAL, FOREIGN INSTITUTIONS FOR KNOWLEDGE ADVANCEMENT 09:29, 8th Feb, 2023 by Ima Ekanem -------------------------------------------------------------------------------- CBN RAISES N277.47BN FROM TBILLS MARKET IN JANUARY Business | 9 hours ago Shares Share Tweet Pin Email Share Share Share Share Nume Ekeghe Data collated has shown that the Central Bank of Nigeria (CBN) raised N277.47 billion through the treasury bills market in January 2023. The apex bank carried out TBills auction twice worth N55.39billion in the first auction and N220.53billion in the second auction. The breakdown disclosed that the CBN at the first auction on January 11, 2023, offered TBills worth N56.93 billion – N1.55 billion for the 91-day, N1.49 billion of the 182-day, and N53.90 billion of the 364-day to investors. Demand was higher, especially for the 364-day TBills, as the total subscription settled at N310.44 billion, followed by 182-day TBills witnessed N56.2 billion total subscription and 91-day TBills at N22.44 billion total subscription. With an inflation rate of 21.7per cent year-on-year, investors focused on the 364-day tenor Treasury bill at a 7.3per cent yield during the first auction by the CBN. Eventually, the CBN allotted exactly what was offered at respective stop rates of two per cent (previously 2.75per cent), 4.33per cent, previously 7.15per cent, and 7.30per cent which was previously 8.49per cent. The first TBills auction was driven by higher demand for bills across the market, supported by the ample liquidity in the financial system. At January 25, 2023 TBills auction, the CBN offered instruments worth N220.53 billion – N1.74 billion of the 91-day, N1.26 billion of the 182-day, and N217.53 billion of the 364-day TBlls. RELATED ARTICLES Founded on January 22, 1995, THISDAY is published by THISDAY NEWSPAPERS LTD., 35 Creek Road Apapa, Lagos, Nigeria with offices in 36 states of Nigeria , the Federal Capital Territory and around the world. It is Nigeria’s most authoritative news media available on all platforms for the political, business, professional and diplomatic elite and broader middle classes while serving as the meeting point of new ideas, culture and technology for the aspirationals and millennials. The newspaper is a public trust dedicated to the pursuit of truth and reason covering a range of issues from breaking news to politics, business, the markets, the arts, sports and community to the crossroads of people and society. HELPFUL LINKS * Home * About Us * Privacy Policy * Terms & Conditions CONTACT US You can email us at: hello@thisdaylive.com or visit our contact us page. Close menu