CBN Implements New Treasury Bills Regime to Tighten Control Over Government Securities Market
The Central Bank of Nigeria (CBN) has enforced a new Treasury Bills regime to assert full control over the government securities market, shifting from the traditional dealer system to a digital platform. This move aims to eliminate collusion, ensure transparency, and provide equal access to investors.
The new regime involves auctioning N700 billion worth of Treasury Bills in various tenors, with bids submitted through the electronic platform. Analysts, including CEO Tajudeen Olayinka of Wyom Capital Partners, view this as a significant step towards improving market efficiency and tightening liquidity control.
The CBN's initiative seeks to create a level playing field for all participants and enhance the overall transparency of the market.
Plus234Feed summary based on reporting from News Online Nigeria. Read the original report below.
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