Nigerian Treasury Bills Oversubscribed By N204.7bn

The Nigerian Treasury Bills auctioned on Wednesday was oversubscribed by N204.7bn, the Debt Management Office revealed in its auction result on Wednesday.

A total of N133.97bn was offered comprising N10bn (91-day tenor), N17.6bn (182-day tenor), and N106.37bn (364-day tenor).

It recorded a total subscription of N338.17bn comprising N10.39bn (91-day tenor), N19.59bn (182-day tenor), and N308.19bn (364-day tenor).

The same amount of N133.97bn offered was allotted.