Investors Oversubscribed for Nigerian Treasury Bills for May

  • Investors Oversubscribed for Nigerian Treasury Bills for May

Investors oversubscribed for Nigerian Treasury Bills auctioned for the month of May by N132 billion, according to the Debt Management Office.

According to the DMO, a total of N33 billion was offered but it recorded a total subscription of N165.56 billion.

The treasury bills were auctioned across 91-day, 182-day and 364-day tenors.

A total of N4.38bn was offered on the 91-day; N12.92bn for the 182-day tenor, and N16.5bn was offered on the 364-day tenor.

The 91-day and 182-day tenors got total subscriptions of N22.33bn and N41.19bn respectively, while the 364-day tenor received N102.03bn subscription.

Total allotments of N19.78bn, N40.09bn and N82.88bn were made on the 91-day, 182-day and 384-day tenors respectively.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya

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