CBN to issue N995.5bn in Treasury bills in Q2

The Central Bank of Nigeria says it will issue new treasury bills worth of N 995.5 billion as from March 19.

The CBN, on its debt issuance calendar on Friday in Lagos, said that the bills would have tenors of between three-month and one year maturities.

According to CBN, a total of N202.25 billion of the three-month and a total of N236.81 billion worth of the six-month maturities will be issued during the period.

“A total of N556.46 billion worth of the one-year paper will also be sold during the period,” the bank said.

The bank said a total of N945.5 billion worth of treasury bills issued earlier would be due for repayment during the same period.

(Reuters/NAN)


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