CBN sells record N1tn Treasury bills auction

The Central Bank of Nigeria made a record sale of N1 trillion treasury bills at an auction on Wednesday.
This is according to CBN’s bi-weekly treasury bills auction, held on Wednesday before the February 26 and 27 Monetary Policy Committee meeting.
The auction on Wednesday marked a significant escalation in the volume of treasury bills, with about N1 trillion up for auction.
This includes N600 billion allocated for the 364-day bills and N200 billion each for the 182-day and 91-day bills.
The N600 billion earmarked for the 364-day tenure represents an unprecedented figure, and the cumulative N1 trillion sale is unparalleled, with records dating back to 2001