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Q3’22, CBN expects to sell N1.2 trillion in Treasury Bills

Opinionnaija.com
June 10, 2022

 

The Central Bank of Nigeria (CBN) announced that in the third quarter of 2022 (Q3’22), it will sell N1.2 trillion in Treasury Bills (TBs).

This was revealed today by the central bank in its Nigeria Treasury Bills Issue Program for Q3’22.

Defacto

TBs are short-term debt instruments used by the CBN to borrow money on behalf of the federal government from the general public. The central bank also employs TBs to manage the economy’s money supply.

The TBs will be distributed in stages, with the first tranche arriving on June 2, 2022, and the last tranche arriving on August 25, 2022.

 

During the period, the apex bank will issue TBs worth N33.4 billion on 91 days tenor, N22.9 billion on 182 days and N1.17 trillion on 364 days.

Phones and Tablets

A breakdown of the programme revealed that in June, the apex bank plans to sell N376.05 billion worth of TBs, comprising N22 billion worth of 91 days bills, N4.05 billion worth of 182 days bills, and N350 billion worth of 364 days bills.

In July, CBN plans to sell N407.48 billion worth of TBs comprising N6.7 billion worth of 91 days bills, N4.98 billion worth of 182 bills and N395.8 billion worth of 364 days bills.

In August, CBN plans to sell N446.12 billion worth of TBs comprising N4.57 billion worth of 91 days bills, N12.85 billion worth of 182 bills and N428.7 billion worth of 364 days bills.