Investors Invest N390.9billion in Treasury Bills

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Investors in the Central Bank of Nigeria’s treasury bills invested a total of N390.9 billion in treasury bills since the apex bank raised its benchmark monetary policy rate to 13%.
This is for the period between May 25th and June 15th.

A total of N777.3 billion in subscriptions was tendered by investors representing about 198% oversubscriptions from the N362.2 billion initially offered by the central bank.

Written by: Helen Obih

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