The Nigerian treasury bills auctioned in October was oversubscribed by N512.22bn.

The Debt Management Office disclosed that N121.88bn treasury bills of N5.84bn 91-day, N3.5bn 182-day and N112.53bn 374-day tenors were auctioned on October 16.

The auction results showed a total subscription level of N634.11bn which comprised N9.38bn for the 91-day tenor, N38.08bn for the 182-day tenor and N586.63bn for the 364-day tenor.

A total of N121.88bn was allotted which comprised N5.84bn for the 91-day tenor, N3.5bn for the 182-day tenor and N112.53bn for the 364-day tenor.