Author: Marketforces Africa

Treasury Bill Rate Inched Up 50 Basis Points at CBN Auction At the Central Bank (CBN) auction on Friday, the stop rate on the 91-day Treasury bill inched up 50 basis points to 2.50%, while 182-day and 364-day were unchanged at 3.50% and 9.75% respectively. Fixed income analysts at Chapel Hill Denham have projected stop rate on 364-day treasury bill to print at 10.00% following continuous yields re-pricing in the Nigerian debt market. In the money market, as analysts projected, funding pressures increased due to provisioning by Deposit Money Banks (DMBs) for the retail foreign exchange auction. Due to persisted…

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