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imageLAGOS: Nigeria auctioned 166.57 billion naira ($1.01 billion) worth of treasury bills with maturities ranging between three months and one year on Wednesday, with higher yields on the three months and one year tenor, and slightly lower on the six-month paper.

The central bank said on Thursday it sold 33.26 billion naira in 91-day treasury bills at 11.95 percent, slightly higher than 11.89 percent yield attracted at the previous auction on March 5.

The regulator sold a total of 50.27 billion naira in the 182-day paper at 13.24 percent compared with 13.35 percent, previously, while 83.04 billion naira in 364-day note was sold at 13.59 percent against 13.50 percent previously.

Total subscription stood at 381.58 billion naira, compared with 314.83 billion naira at the previous auction, while demand was heavier on the one year paper, which attracted a total of 205.01 billion naira at the auction.