CBN To Sell N1.1trn Treasury Bills
CBN Governor, Godwin Emefiele/File

The Central Bank of Nigeria (CBN)will issue N1.1 trillion Treasury Bills (NTBs) for the next three months.

This was revealed in the apex bank’s third quarterly NTBs Issuance programme released recently.

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CBN issues TBs twice a month to help the government fund its budget deficit, support commercial lenders in managing liquidity and curb inflation.

According to the bankers’ bank, it will issue NTBs worth N1.1 trillion from Thursday, June 14 to Thursday, August 30.

Concise News gathered that the three months bills to be issued, represents the amount of bills that will mature during the period, and consists of N44.9 billion worth of 91 days bills; N225.1 billion worth of 182 days bills and N782.5 billion 364 days bills.

Also, the bills to be offered next week is made up of N6.2 billion worth of 91 days bills and N174.6 billion worth of 364 days bills.

From the issuance programme, the apex bank will issue N66.7 billion in the last two weeks of June, made up of N5.4 billion worth of 91 days bills and N61.3 billion worth of 364 days bills.

In July, CBN will issue N348.8 billion worth of bills, comprising of N15.3 billion worth of 91 days bills, N60.5 billion worth of 182 days bills, and N273 billion worth of 364 days bills. Bills of the same tenure and amount will mature during this period.

In August, the apex bank plans to issue bills worth N455.8 billion which includes N17.8 billion worth of 91 days bills, N164.5 billion worth of 182 days bills, and N 273.5 billion worth of 364 days bills.