CBN Sells N1trn in Government Securities, Auction Records Oversubscription
The Central Bank of Nigeria (CBN) has announced the successful conclusion of a government securities sale, issuing N1.053 trillion (US$680 million) in short-term instruments as part of its strategic liquidity management exercise. The auction, which took place on Friday, March 1, saw an oversubscription of the initially offered N500 billion, indicating strong investor confidence. Of …
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