News - treasury bills

FEC Approves ICT Backbone

2 months ago /
Nation 

The Federal Executive Council has approved a national ICT infrastructure backbone.  The project will cost 328 million dollars and will ensure the interconnectivity of all ministries, departments and agencies of government.  The council also approved the refinancing of treasury bills from naira to dollars.   Minister of finance, Kemi Adeosun says it is...

Nigeria To Refinance $3bn Debts

2 months ago /
Nation 

Nigeria has unveiled plans to refinance trillions of Naira-denominated treasury bills into new three-year tenured three billion dollar notes. The plan according to the Federal Government, is part of steps to restructure the country’s domestic debt portfolio into longer term instruments and at much lower borrowing costs of around seven per...

3rd CBN Intervention Raises Naira To N181 To The Dollar

2 years ago /
Business and Economy  

The naira gained strength against the dollar yesterday after the value of the greenback dropped on the global market and demand for local currency surged ahead of the Wednesday treasury bills sales. At the interbank, the value of the naira moved from N184.10, which it closed on Monday to N181 to...

Naira Pressure To Continue On Declining Oil Price, External Reserves

2 years ago /
Business and Economy  

The local currency, the naira, is expected to further depreciate this week as the threat of declining oil prices and steady depletion of the external reserves continue to weigh heavily on it, analysts have said. The local currency has been 2.9 percent weaker this year, according to Bloomberg figures. Brent crude,...

Nigeria Sells N183 In T-Bills At Lower Yields

3 years ago /
Business and Economy  

The Federal Government sold N182.85 billion ($1.13 billion) of treasury bills with maturities ranging between three months and one year, at yields lower than at its previous auction last month, the Debt Management Office (DMO) said on Friday.

CBN Sells N70.6 Billion In Treasury Bills

3 years ago /
Business and Economy   Nation 

The Central Bank of Nigeria (CBN) sold N70.64 billion ($435 million) in treasury bills of three-month and six-month maturities at an auction, at similar yields it fetched at a previous auction this month, the regulator said on Thursday.