The Central Bank of Nigeria is set to commence a primary market auction on Wednesday for a
This would span across the 91-day 5 billion naira , 182-day 14 billion naira and 364-day 70 point 5 billion naira tenors.
The 91-day tenor had a last stop rate of 10.90 per cent and is expected to have a stop rate between 10.50 per cent and 10.99 per cent at the end of the week.
The 182-day tenor, which had a last stop rate of 13.01 per cent, is expected to close at a rate between 12.95 per cent and 13.20 per cent.
The 364-day tenor had a last stop rate of 14.37 per cent and an expected stop rate range of 13.50 per cent and 13.90 per cent.
However, the upward trend in the Treasury bills secondary market took a negative toll last week, as the apex bank increased its frequency of liquidity controls via Open Market Operation auctions, hence offering only short-tenor and mid-tenor bills.
