CBN sold 172.85 billion naira ($550 million) at its first treasury bill sale of the year on Wednesday with yields unchanged from the previous auction, held on Dec. 21, fixed income traders said on Thursday.
The central bank sold 115.85 billion naira of one-year debt at a rate of 18.68 percent, the same as the previous auction, traders said.
Subscription at the auction came to 194.12 billion naira, well up from 42.68 billion naira at the previous auction.
CBN issues treasury bills regularly to help lenders manage their liquidity, curb rising inflation and provide naira to help the government fund its budget. ($1 = 314.50 naira)