Business

Nigeria will sell N1.024trn Treasury Bills in Q4

1.2k
Advertisement




Nigeria, through its central bank says it will auction treasury bills as much as N1.024 trillion in the fourth quarter of the year, auctioning 91-day bills worth N62.635 billion, 182-day bills worth N148.667 billion, as well as 364-day bills worth N812.401 billion in the given time period.

The Central bank said this in its Nigerian Treasury Bills Issue program for the fourth quarter of the year available on  its website.

The CBN usually sells treasury bills twice a month to help the government fund its budget deficit and mop up excess liquidity in the system.

Author

See also  Nigeria’s economy in dire straits, incapacitated, says Tinubu

Leave a comment

Related Articles

Cash Outside Banks Hits N4.92trn, Second Monthly Rise

By Samuel Akpan Nigerians continued to hold more physical cash beyond the...

First HoldCo Shares Surge 10% After Strong Nine-Month Results

By Samuel Akpan First HoldCo Plc shares surged 10 percent on Friday,...

CBN Grants JP Morgan Approval for Nigeria Merchant Bank

By Samuel Akpan The Central Bank of Nigeria (CBN) has given JP...

$242m Petroleum Diversion Claim: UBA Takes On Vitol, Four Others, Secures Asset Freeze Against Vitol

United Bank for Africa Plc has secured an interim court order restraining...