The Federal Government will raise Treasury bills worth N100 billion (One hundred billion naira) only) at the next auction on the 23rd of September using the Dutch Auction system according to the Central Bank of Nigeria (CBN).
The maturities will vary between three months and one year for 91-day paper worth 31.19 billion naira, 10.61 billion naira in 182-day bills, and 59.08 billion naira in 1-year debt. Traditionally the CBN issues Treasury bills twice monthly to raise money to fund the government's budget deficit and manage banking sector liquidity.
No comments:
Post a Comment