Journalism of Courage

Nigeria plans to raise N1.809trn in Treasury-bills in Q1 2019 

The Nigerian government says it has concluded arrangements to raise a total of N1.809 trillion from the debt market, specifically through the Treasury-bill Issuance Programme, slated for the girst quarter of 2019.
This was contained in a release on the Central Bank of Nigeria (CBN) website, indicated that the short-term debt instruments will comprise both new issuance and roll-over programme with maturity period ranging from 91-day, 182-day, and 364-day tenor.
Nigeria expects to raised a total of N59.024 billion through 91-day paper, N248.842 billion from the 182-day paper and N678.059 billion through the 364-day paper.
According to the CBN document, Nigeria will raise N51.457 billion, N164.917 billion and N607.051 billion from roll-over programmes of 81-day, 182-day and 364-day maturity in that order.


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