The federal government issued ₦50 billion of Treasury bills on Wednesday and priced the six-month paper 18 basis points lower than at its previous auction, the Debt Management Office (DMO) said on Thursday.
The naira has been hitting record lows on the unofficial market since last week.
However, the DMO raised ₦25 billion in six-month notes at 12.62 percent, lower than 12.80 percent it fetched at its auction on June 24. It priced the three-month debt at 10 percent, unchanged from the last sale, to raise ₦25.4 billion.
Investors submitted bids totalling ₦126.23 billion for the notes, down from ₦166.3 billion at the June sale.
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