CBN raises N1.457 trillion at June-3 NTB auction at higher rates across tenors

The Central Bank of Nigeria (CBN) successfully raised N1.457 trillion during its Treasury bills primary market auction held on June 3. This auction saw a significant increase in stop rates across all tenors, reflecting the heightened demand for the bills. The total subscriptions reached N2.160 trillion, which is more than double the offered amount of N1 trillion, indicating strong investor interest in the market.

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