A review of eight Nigerian Treasury Bills auctions conducted between July and September showed that total allotments were 40.34 percent above the planned issuance for the quarter.
The Central Bank of Nigeria raised interest rates on its one-year Treasury bill to 17.59% at Wednesday's auction.
Investors flooded the bank with ₦4.4 trillion in total bids even though only ₦700 billion was originally put up for...
 Investors submitted ₦3.38 trillion in bids for the one-year Treasury Bill against a ₦500 billion offer, highlighting sustained appetite for long-term government securities despite declining yields.
 The CBN lowered the stop rate on the 364-day bill to 17.35...
December 12, (THEWILL) — Investors poured a hefty ₦2.46 trillion into Nigeria’s Treasury Bill (T-bill) market in two consecutive auctions held in December, underscoring continued strong demand for short-term government securities even amid elevated yields and tight liquidity...
December 05, (THEWILL) — Nigeria’s Debt Management Office (DMO) raised a total of ₦709.62 billion at its latest Nigerian Treasury Bills (NT-Bills) auction, with investors showing overwhelming preference for the longest-tenor instrument amid rising yields.
The government had offered ₦700...
Faruku Musa Haruna and other farmers in Kumfada used to pool their money to buy plastic sheets, trapping enough water to irrigate small patches of land. They wanted to keep farming after the rains, but their ambitions depended on how much water they could save.