The C.B.N Sells 129 bln naira in Treasury bills As yields mixed

The central bank of nigeria revealed on Friday that:

Nigeria raised 129.17 billion naira ($649.10 million) in Treasury bills with maturities from three months to a year at an auction on Wednesday, with mixed yields compared to returns at previous auctions

The result of the auction further showed that:

the bank sold 57.85 billion naira worth of three-month paper at 5.61 percent, up from 5.34 percent at the Nov. 18 auction.

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It also sold 18 billion naira worth of six-month debt at 7 percent against 7.2 percent previously, and 53.32 billion naira of one-year paper sold at 8 percent compared with 8.5 percent.

Total demand for the paper rose to 407.53 billion naira compared with 301.04 billion naira demanded by investors at the last auction.