Stock QuotesEurobonds ($)
NIGERIAN EUROBONDS July 8, 2020: 6.75% $500M Jan 2021 – 101.732/3.537%,   5.625% $300M Jun 2022 – 101.677/4.720%,   6.375% $500M Jul 2023 – 102.455/5.478 %,   7.625% $1.118BN Nov 2025 – 102.438/7.068%,   6.500% $1.50BN Nov 2027 – 94.729/7.439%,   7.143% $1.25BN FEB 2030 – 93.476/ 8.132%, 8.747% $1.0BN Jan 2031 – 100.362/8.693%,   7.875% $1.50BN Feb 2032 – 94.345/8.655%,   7.696% $1.25BN Feb 2038 – 91.203/ 8.678%,  7.625% $1.50BN Nov 2047 – 89.353/8.645%,   9.248% $750M Jan 2049 – 101.282/9.121%. .
Business Finance Info & Updates

CBN auctions N34bn treasury bills

The Central Bank of Nigeria (CBN) held a treasury auction on Wednesday to try to lure foreign investors.

According to Reuters, traders said the central bank asked them to increase their rates at a bills auction on Wednesday compared with rates that the bank paid at the last sale in July.

The move led to a spike in yields on the one-year treasury bill which rose to 12 per cent on Wednesday from around 10 per cent on Friday. Traders said the central bank wanted to offer bills at higher rates to attract foreign investors to boost liquidity on the currency market, which would help support the naira. Banking stocks fell 1.26 per cent on Wednesday, to help drag the main share index of the Nigerian Stock Exchange to more than two-year low as negative sentiment persisted on the stock market.

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