Power generation rises by 8.46% in one week… CBN to sell N722bn treasury bills in Q3
Nigeria’s power generation has increased by 8.46 percent to reach a peak of 4,469.80 Mega Watts on Sunday.
This is according to the latest data sourced from Nigeria electricity System operator. The data showed power generated had increased from 4,120.9MW it stood on Sunday, 6 June the previous week.
The Central Bank of Nigeria (CBN) will auction treasury bills worth N722.17 billion with varying tenors in the third quarter of this year. This was mentioned by the CBN in the Nigerian Treasury Bills issuance programme schedule, which was published on its website on Friday.
On a quarterly basis, the sum is 26.61 percent more than the N570.39 billion given in the second quarter (Q2) 2021, and 12.12 percent lower than the N821.8 billion released in the same period last year. Read more
Thursday was a good day for the Nigerian currency, Naira as it appreciated against the U.S dollars in both the official and unofficial market.
The biggest gain was in the black market as naira closed at N493/$1 representing a N9.00 or 1.80 percent appreciation from N502.00/$1 it traded on Wednesday. Naira also gained against British pounds to close at N710 from N713 it traded the previous day