BY News Agency
The Central Bank of Nigeria (CBN) on Thursday revealed it sold only N62.43bn in treasury bills of maturities ranging between three months and six months at mixed returns.
According to CBN, this was due to poor demand for the note by investors requesting for higher yields.
Total bids for the notes stood at N63.55bn, down from N77.02bn at the last auction on August 5, 2015.
The bank sold N32.43bn of the 3-month debt at 10 percent, unchanged from the previous auction, Reuters reports.
It also auctioned 30 billion of six-month bills at 13 percent, marginally up from 12.90 percent previously.
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