This includes an allocation of N600 billion for the 364-day bills and N200 billion each for the 182-day and 91-day bills.
The allocation of N600 billion for the 364-day tenure marks an unprecedented amount, and the cumulative sale of N1 trillion is unmatched, based on records dating back to 2001.
In a recent auction held last month, the Central Bank of Nigeria (CBN) sold treasury bills totaling N381.2 billion across various maturities of 91, 182, and 364 days.
The interest rates for these maturities were recorded at 5 percent for the 91-day bills, 7.15 percent for the 182-day bills, and 11.54 percent for the 364-day bills, respectively.
Meanwhile, as of December 2023, Nigeria’s money supply exceeded N78 trillion, a factor many analysts attribute to the nation’s escalating inflation rate, which reached 28.92 percent in December.