The Central Bank of Nigeria (CBN) conducted its latest Primary Market Auction (PMA) on Wednesday, May 8th, 2024, offering one-year treasury bills with a maturity date of August 8th, 2025, at a stop rate of 20.70%.
This is the same rate offered at the April 24, 2024 auction, which had high demand for the 364-day bill.
In total, the CBN raised N274.67 billion, which is far lesser than the N362.45 billion raised in the previous auction across various maturities.
This is a developing story….
