The Central Bank of Nigeria (CBN) has allotted N598.33 billion Nigerian Treasury Bills across three maturities.
The 365-day bill accounted for 80 per cent of total sales and subscriptions, amounting to a sale of N482.62 billion of the tenor.
The 81-day bill saw the lowest demand and sales of all tenors, with only N48.4 billion subscriptions and even lower sales of N38.4 billion.
Total sales of the Treasury bills year-to-date now amount to N7.248 trillion.
The apex bank saw an oversubscription at the Nigerian Treasury Bill auction on Wednesday, as liquidity floods the market.
A total of NGN550 billion was offered across the three maturities – N50 billion in 91-day bills, N100.00bn in 182-day bills, and N400 billion in 364-day bills.