Business

Nigeria will sell N1.024trn Treasury Bills in Q4

1.1k
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 Ramps Up $16bln Investment Drive in Oil and Gas Sector

Leave a comment

Related Articles

From the Pulpit to the Boardroom: Pastor Jerry Eze Joins Heirs Life Board

Heirs Life Assurance has appointed Pastor Jerry Eze, one of Africa’s most...

Fuel Subsidy Savings Channeled to Minimum Wage, Debt, and Loans, Says Finance Minister Oyedele

Savings realized from Nigeria’s petrol subsidy removal are being channeled into national...

US Imposes 12.5% Import Duty on Nigerian Goods

A new measure from the Office of the United States Trade Representative...

Breaking: CBN Holds Benchmark Rate at 26.5% Amid Slight Inflation Drop

By Samuel Akpan Nigeria’s Central Bank has kept its benchmark interest rate...