Business

Nigeria will sell N1.024trn Treasury Bills in Q4

943


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  Rejection of old Naira notes: Kogi gov. threatens to seal erring banks, prosecute people rejecting it 

Leave a comment

Related Articles

Nigeria to Outperform Major Global Economies with Projected 4.3% Growth by 2027, Says IMF

The International Monetary Fund (IMF) has projected that Nigeria’s economic engine will...

From Crisis to Recovery: How the CBN’s “Bold Reset” Reshaped Nigeria’s 2026 Economy

The Central Bank of Nigeria (CBN) is charting a measured path to...

FirstBank Empowers SMEs with AI-Driven Growth Strategies, Hosts SMEConnect Webinar

FirstBank, West Africa’s premier financial institution and financial inclusion services provider, has...

Tony Elumelu Foundation disburses $100m to 24,000 young African entrepreneurs

The Tony Elumelu Foundation (TEF) has deployed $100 million in seed capital...