Agency Report/
The Central Bank of Nigeria (CBN) says it plans to raise treasury bills worth N823.43 billion in the first quarter of 2019.
The CBN made the disclosure in its 2019 Nigerian Treasury Bills Issue programme for the first quarter of the year which was posted on its website.
The apex bank said the bills which would be a rollover, would range between three months and one-year papers.
They include the 91-day bills worth N51.46 billion, 182-day bills of N164.92 billion and 364-days bill worth N607.05 billion.
The apex bank also said that N985.93 billion worth of treasury bills would mature the same period.
They are in 91-day, 182-day and 364-day paper worth N59.02 billion, N248.84 billion and N678.06 billion respectively.
CBN sells treasury bills twice a month to help government fund its budget’s deficit.
The country issues treasury bills regularly as part of monetary control measures to help banks manage their liquidity and control the money supply.
0Femi Ashekun/ Handheld walkie-talkies used by Hizbollah were detonated across Lebanon today, the militant group…
… Identifies Challenges and Solutions for Humanitarian Interventions In an exclusive interview, Mohamed Malick Fall,…
Segun Atanda/ In a nationwide crackdown on crime, the Nigeria Police Force has arrested 2,740…
Segun Atanda/ Former Lagos State Commissioner of Police, Adegoke Fayoade, officially handed over to his…
By Ifeanyi Igwebike Mbanefo/ On 17 September 2016, I was scrolling through Cable online news…
Matilda Omonaiye/ The FBI is investigating another apparent assassination attempt on former President Donald Trump…