THE Central Bank of Nigeria (CBN) has revealed plans to sell
N917.1 billion worth of treasury bills in the next three months ending November
30...
The apex bank disclosed this through its fourth quarterly Treasury Bills
Issuance programme released yesterday. CBN issues treasury bills twice a month
to help the government fund its budget deficit, support commercial lenders in
managing liquidity and curb inflation. The programme revealed that CBN will
issue treasury bills worth N917.1 billion from Thursday, September 14 to
Thursday, November 30 The three months bills to be issued which represent the
amount of bills that will mature during the period consist of N209.9 billion
worth of 91 days bills; N197.8 billion worth of 182 days bills; and N509.4
billion 364 days bills,while bills to be offered next week comprises N28.12
billion worth of 91 days bills, N23.68 billion worth of 182 days bills and
N89.1 billion worth of 364 days bills. Further analysis revealed that the apex
bank will issue N305.2 billion in the last two weeks of September comprising
N57.2 billion worth 91 days bills, N72.2 billion worth 182 days bills, and
N175.8 billion worth 364 days bills. In October, CBN will issue N254.2 billion
worth of bills comprising of N61.1 billion worth of 91 days bills, N68.5
billion worth of 182 days bills, and N 124.6 billion worth 364 days bills.
Bills of the same tenure and amount will mature during this period. In
November, the apex bank plans to issue bills worth N 337.9 billion which
includes N81.6 billion worth of 91 days bills, N57.2 billion worth of 182 days
bills, and N 199.1 billion worth of 364 days bills.
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