The Central Bank of Nigeria (CBN) has sold Treasury bills worth N167bn at its Wednesday auction.
This was less than the N447.81bn worth of bids submitted by investors. Bids at the last auction stood at N318.58bn.
The CBN said the yields fell across the board at the auction on Wednesday, compared with a previous sale on March 4.
It sold N33.87bn worth of the 91-day note at 10.79 per cent, broadly flat against the 10.8 per cent fetched at the previous auction.
The 182-day bond worth N 50.27bn was sold at 14.7 per cent, against 14.85 per cent previously, the central bank added.
The bank said a total of N83bn worth of the one-year note attracted 15.35 per cent compared with 15.89 per cent at the previous auction.
The CBN is planning to issue Treasury bills worth N995.5bn ($5bn) during the second quarter of this year.
The debt notes will have tenors of between three-month and one-year maturities, according to a debt issuance calendar obtained on Sunday.
The central bank will issue a total of N202.25bn of the three-month debt note during the period, and a total of N236.81bn worth of the six-month tenor; a total of N556.46bn worth of the one-year paper will be sold during the period.
A total of N945.5bn worth of Treasury bills issued earlier will be due for repayment during the same period.
The central bank had two weeks ago sold Treasury bills worth N254bn ($1.3bn). The yields on the debt notes were higher compared with a previous sale on February 18.
