N823.4bn Worth Of Treasury Bills Up For Sale In Q1–CBN

By Ikenga Chronicles January 10, 2019

N823.4bn Worth Of Treasury Bills Up For Sale In Q1–CBN

The Central Bank of Nigeria (CBN) has hinted on a plan to raise treasury bills worth N823.43 billion in the first quarter of 2019.

The CBN made the disclosure in its “2019
Nigerian Treasury Bills Issue” programme for the first quarter of the year which was posted on its website.

According to the apex bank, the bills which would be rollover, would range between three months and one year papers.

They include the 91-day bills worth N51.46 billion, 182-day bills of N164.92 billion and 364-days bill worth N607.05 billion. The apex bank also said that N985.93 billion worth of treasury bills would mature the same period.

They are in 91-day, 182-day and 364-day
papers worth N59.02 billion, N248.84 billion and N678.06 billion respectively.

The CBN sells treasury bills twice a month to help government fund its budget deficit.

The country issues treasury bills regularly as part of monetary control measures to help banks manage their liquidity and control the money supply.