Nigeria Business & Finance Updates

Treasury Bills Auction Results March 18, 2020

Date of Auction 3/18/2020
Tenor
Maturity Date
91DAY
6/18/2020
182DAY
9/17/2020
364DAY
3/18/2021
Amount Offered (N mn) 2000 8385.196 37176.061
Subscriptions (N mn) 8,947.18 27,356.00 92,367.82
Total Successful (N mn) 20,000.00 8,385.20 37,176.06
Range of Bid Rates 2.000-5.250 3.0000-7.3500 4.330-13.1800
Successful Bid Rates2.0000-2.3000 3.0000-3.4000 4.3300-4.6000
Marginal Rate 2.3
3.4 4.6

Source: www.cbn.gov.ng

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