CBN Governor
CBN Governor

Central bank is selling long-dated treasury bills at higher yields than the secondary market to mop up naira liquidity before next week’s start of interbank currency trading, traders said on Friday.

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The central bank sold 205.9 billion naira worth of one-year bills on Friday at 13.5 percent, compared with the secondary market which is currently trading at 10.81 percent. It had offered 78 billion naira bill on Thursday.

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Source: reuters