• Contact Us
  • About Us
Sunday, June 1, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

CBN sells treasuries to keep naira liquidity tight

metro by metro
October 19, 2017
in Economy
0
0
SHARES
0
VIEWS

EmefieleCBN sold 98 billion naira of treasury securities on Thursday to keep liquidity tight to support the currency, a day after it auctioned 133.25 billion naira of T-bills, traders said.

The local naira currency has been stable for more than two weeks, supported by central bank interventions, foreign inflows and tight liquidity on the money markets, traders say.

Read Also

Moody’s Upgrades Nigeria’s Rating To ‘B3’ On External Fiscal Positions

Subsidy,  FX Windows  Strangled Nigeria’s Future, Says Tinubu At Midterm 

Oil prices Climb $1 As US Court Blocks Trump Tariffs

On Thursday, the bank sold the 91-day bill at a higher interest rate of 16 percent plus a 196-day bill at 17.81 percent.

At Wednesday’s auction, it sold 10.25 billion naira of a 91-day bill at an interest rate of 13.1 percent, 11 billion naira of 182-day bills at 15.3 percent and 112 billion naira of one-year paper at 15.59 percent.

Total subscriptions were 194.6 billion naira.

The money market has been short of liquidity for more than a week due to central bank action to mop up naira following the recent maturity of some 86 billion naira of treasury securities, traders said.

The currency was quoted at 305.60 on the official market on Thursday, a level around which it has closed for more than three months. It traded at 360 per dollar for investors and at 363 naira on the parallel market.

Tags: CBNnaira liquidity
Previous Post

Lagos amends charges against kidnap kingpin, Evans

Next Post

Dangote Cement still interested in South Africa’s PPC – CEO

Related Posts

Moody’s Upgrades Nigeria’s Rating To ‘B3’ On External Fiscal Positions
Economy

Moody’s Upgrades Nigeria’s Rating To ‘B3’ On External Fiscal Positions

May 30, 2025
FG To Start Paying Debt Service As Nigerian Economy Grows By 2.99% In Q1 2024-Edun
Economy

Subsidy,  FX Windows  Strangled Nigeria’s Future, Says Tinubu At Midterm 

May 29, 2025
Nigerians Overstaying Visa Risk Serious Sanctions, US Warns, Says “No Honest Mistakes”
Economy

Oil prices Climb $1 As US Court Blocks Trump Tariffs

May 29, 2025
Ahead Of Agreed Minimum Wage, President Tinubu To Send Bill To NASS, Takeaways From Anniversary Broadcast
Economy

Tinubu Seeks National Assembly Approval Of $21.5bn, N757.9bn Pension Bond

May 27, 2025
Next Post

Dangote Cement still interested in South Africa's PPC - CEO

20 Kano Athletes, Officials Die In Road Accident While Returning From Sports Festival In Ogun

20 Kano Athletes, Officials Die In Road Accident While Returning From Sports Festival In Ogun

May 31, 2025
Ex-CBN Governor Emefiele Arrives Lagos Court For Arraignment

Forfeiture Order; EFCC Sues Emefiele In Fresh Eight-Count Charges

May 31, 2025
Saudis say to take “big hit” on oil output for OPEC deal, Iran can freeze

OPEC+ Announces Increase In July Oil Output

May 31, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version