Deposit Money Banks increased their holdings in Nigerian Treasury Bills by N1. 55 trillion between July 2021 and June 2022 to stand at N2.28 trillion.
The increase in banks’ exposure to fixed securities is due to rising volatility in other variable assets and incentives to venture into risk-free government securities rather than corporate or variable debt securities.
No new issue of the Federal Republic of Nigeria Treasury Bonds (FRNTBs) was recorded in the first half of 2022.
Consequently, the total value of FGN Bonds outstanding in end-June 2022 stood at N15. 63 trillion, compared with N15.19 trillion in end-June 2021, indicating an increase of N426.95 billion or 0.28%.