Home Business & Economy Q1 2019: CBN to raise Treasury bill valued at N823.4bn

Q1 2019: CBN to raise Treasury bill valued at N823.4bn

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The Central Bank of Nigeria (CBN) said it would raise treasury bills worth N823.43 billion in the first quarter of 2019.

In its 2019 Nigerian Treasury Bills Issue programme for the first quarter of the year, posted on its website, CBN said the bills which would be 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 and they are in 91-day, 182-day and 364-day paper worth N59.02 billion, N248.84 billion and N678.06 billion respectively.

The CBN sells treasury bills twice a month to help government fund its budget’s deficit.

The Federal Government issues treasury bills regularly as part of monetary control measures to help banks manage their liquidity and control the money supply.

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