In March 2024, the Debt Management Office (DMO) sold Treasury Bills valued at N2.669 trillion, a 3.07% increase from February 2024.

This was contained in the FMDQ Markets Monthly Report for March.

 The amount represents a 3.07% (N79.54 billion) month-on-month (MoM) increase in the value of T-bills sold across auctions in February 2024 (N2.589 trillion).

Similarly, the DMO sold FGN Bonds worth N608.86 billion (inclusive of N133.20 billion non-competitive bids) via the issuance of a new three-year as well as the re-opening of seven-year and 10-year FGN bonds in March 2024.

The report noted that the total sale represents a 35.30% oversubscription of the amount offered and a 59.27% (₦886.05 billion) Month on Month decrease on the amount sold in February 2024 (N1.494 trillion) across the 7Y and 10Y FGN bond maturities.

Also in March 2024, the CBN sold open market operations (OMO) bills worth N1,056 trillion at auction in the primary market. Corporate bonds according to the report, there were no new listings of non-sovereign bonds on the FMDQ Exchange in March 2024.