The latest data from the Central Bank of Nigeria reveals Nigeria’s 364-day treasury bills have fallen to 5.2%. This is the lowest we have seen in almost a decade indicative of the major disconnect in financial markets.
182-day bills went for stop rates of 4.9% and 91-day rates 3.5% per annum respectively. The total amount on offer for 364-day bills was N44.8 billion with investors staking about N105.9 billion. Bids for 182 and 91-day also outstripped offers by a combined N35 billion.