CBN Raises N10.4 Trillion via NTBs as 91-Day Rate Slumps to 15%
The Central Bank of Nigeria (CBN) has successfully raised N10.4 trillion through Nigerian Treasury Bills (NTBs), with the 91-day rate slumping to 15%. This move is aimed at curbing rising inflation and stabilizing the foreign exchange rate.
The CBN's efforts to offer NTBs at elevated discount rates due to strong demand reflect a tightening monetary policy to address inflation. The decline in inflation to 20.12% in August 2025, the lowest since July 2022, is attributed to factors like foreign exchange stability and seasonal harvests.
Investor demand for long-maturity NTBs continues to grow, with stop rates reaching a high of 20.32% in February 2025.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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