BREAKING NEWS: CBN Sells Record N1tn In Wednesday’s Treasury Bills Auction - 247Updates
Connect with us

Breaking News

BREAKING NEWS: CBN sells record N1tn in Wednesday’s 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.…CONTINUE READING

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.

In a recent auction held last month, the CBN sold treasury bills totalling N381.2 billion across various maturities of 91, 182, and 364 days.


The interest rates for these maturities were recorded at 5 per cent for the 91-day bills, 7.15 per cent for the 182-day bills, and 11.54 per cent for the 364-day bills, respectively.

Meanwhile, Nigeria’s money supply stood at over N78 trillion as of December 2023, a factor many analysts attribute to the nation’s accelerating inflation, which was 28.92 per cent in December.

Grab This Opportunity Now👇👇👇

Continue Reading
Breaking News3 mins ago

“Fear Igbo men; he kept it from me.” Girl in disbelief as boyfriend shows her his house

AFCON5 mins ago

PAOK Demands Compensation From FIFA Over Injury Suffered By Super Eagles Captain During AFCON

AFCON7 mins ago

Troost Ekong: Greek Club Demands Compensation From FIFA After Defender’s Injury

AFCON9 mins ago

Stanley Nwabali: Super Eagles Assistant Coach Offers Nigeria’s AFCON Hero Transfer Advice

Health9 mins ago

Sleep Paralysis: The Condition That Makes You Feel As If Someone Is Pressing You While Sleeping

AFCON11 mins ago

Why I benched Oshoala for Okoronkwo- Super Falcons coach Randy Waldrum talks on big decision in Olympic qualifiers clash against Cameroon

AFCON12 mins ago

Shocking Moment Cameroon Players Tried Touching Super Falcons’ Net Over Alleged Use Of JUJU

Health22 mins ago

How to protect yourself from Ultraviolet radiation

Health23 mins ago

9 Benefits of Okro Which Is Good For Your Health

Health24 mins ago

Does Smoking Cannabis Before the Gym Enhance Your Workout?

Health25 mins ago

Watch out for “red signs”. How do you detect thyroid disease?

Health25 mins ago

Cannabis not linked to improved opioid addiction treatment, says research

Health28 mins ago

Understanding impact of diabetes on muscles, joints

Health29 mins ago

5 sexually transmitted diseases that cannot be cured

Health30 mins ago

After being bitten by a mosquito, this teenager suffered an erection for 18 hours

Health31 mins ago

Stroke: Leading cause of death in E/R hospital

Health32 mins ago

‘Wee’ helps stop some Cancers and Autism; lowers blood pressure – New Research

Health34 mins ago

Scientists Think They’ve Found a New Cause of Type 2 Diabetes

Health36 mins ago

New Model To Scale Up Youth-Led HIV Aids Treatment and Care

Health38 mins ago

Inexpensive pill used to treat HIV could cure Alzheimer’s, researchers reveal

Health40 mins ago

6 unknown side effects of weightlifting

Health41 mins ago

Elevating midwifery: A transformative journey to reach zero preventable maternal deaths in Rwanda

Health43 mins ago

7 ways you can naturally improve your eyesight

Health46 mins ago

NAFDAC alert public to dangerous herbal products in circulation

Health52 mins ago

This is the main reason getting a BBL can lead to a stroke

Health53 mins ago

Health Partners Alarmed over Mortality in Child Births

Health54 mins ago

Mulago Hospital Hosts Successful Eye Surgery Camp

Health55 mins ago

“Mental Illness Not Death Sentence” — Dr. Augustina Naami

Health55 mins ago

If You Notice These 10 Signs, Cancer Is Growing In Your Body

Health57 mins ago

Health experts raise red flag over increasing teenage pregnancies

Health20 hours ago

Stroke kills fast: reduce your consumption of these 4 things if you want to live long

Breaking News1 day ago

Rumble in RCCG as Pastor Adeboye Asks City of David Pastor to Resign Amidst Wigwe’s Death

AFCON9 hours ago

He will be a monster if He joins Chelsea,if I’m to be Guardiola I will make sure I highjack the deal as soon as possible to avoid competition’: Ian Wright blown away by 21-year-old who Chelsea reportedly want to sign

Breaking News2 days ago

My Husband CHEATED On Me With My Best Friend, So I want to Cheat Him Back To Feel The Way I Did – Regina Life Experience

Health2 days ago

What are the signs of heart disease?

Relationship1 day ago

Never Tell a Woman These 4 Things, It Will Hurt Her So Much

Relationship1 day ago

3 Secrets That You Should Never Tell Your Wife No Matter the Situation

Health2 days ago

Breakfast: 15 Foods You Should Never Eat In The Morning

Health2 days ago

Effective Home Remedies To Heal Menstrual Cramps

AFCON9 hours ago

He is a waste of money,I don’t know where Pochettino went to buy Him from,He killed our game last night’: Thiago Silva Blames ONE Chelsea for their disappointing loss yesterday

Health2 days ago

6 Effective Ways to Relieve Back Pain

AFCON1 day ago

Meet 8 Brothers Who Play Football For Different Countries

Breaking News1 day ago

CBN Removes over N1trn Excess Cash from Access Bank, Zenith, Others To Fix Naira Fall, Inflation

Health2 days ago

Boost Your Immune System With These Effective Methods

Health2 days ago

3 Reasons Why You Should Have Morning Intercourse Regularly With Your Partner

Breaking News1 day ago

White woman gives birth to a Black child, says her great-great-great grandparent was Black, and the child took after them [VIDEO]

Health20 hours ago

I ignored these cancer symptoms for years because I was scared – now I could die within months at 31

Health2 days ago

STDs Increasing Among Nigerian Youths – Foundation

Health2 days ago

Best Anti-Cancer Foods: Top 5 Superfoods Most Recommended by Experts

AFCON2 days ago

Breaking New: ”Warning” Chelsea owner Todd boehly review why Pochettino will be sacked if possible he loses the final against Liverpool today

Health20 hours ago

Experts say there is no need for gaps in the mouth | Health Focus

AFCON9 hours ago

Enzo Fernandez review why he fights with 24-year-old Chelsea teammate after Liverpool cup defeat

Breaking News1 day ago

Girls try to run out on restaurant bill, but had to come back because they left their car keys [VIDEO]

Politics3 hours ago

BREAKING: Top 12 Performing Ministers in Tinubu’s Administration

Health2 days ago

Positive Effects Of Apple On People With Low Sèx Drive

Health2 days ago

Baby Dove Teams Up With Black Owned Birth Justice Organization To Expand Doula Services To Black Mothers

Politics2 days ago

BREAKING: Nigerians will Never stop Suffering & Pains, Fact is that Nigeria’s Oil Production Is 1.7M Barrels per Day While the Same Quantity Is Stolen Every Day – Former President Obasanjo

AFCON2 days ago

BREAKING: Osimhen scores again for Napoli

Politics1 day ago

BREAKING: President Bola Tinubu Appoints Billionaire Business Leaders to Tackle Naira Depreciation

Breaking News1 day ago

BREAKING: Forex Traders Sell Dollar at New Rates To Customers As Naira Depreciates by Over N90