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 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.
The News Agency of Nigeria (NAN) reports that 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.
Examining Implementation Of Child Rights Convention
By November 20th this year, the convention on the rights of the child (CRC), will be 30 years since it...
Chronicling 8th Senate’s Efforts In Education Sector
As the current Senate winds down in a matter of days, BODE GBADEBO writes on the legislative interventions of the...
Awaiting S’Court Verdict On Zamfara APC
The long standing legal battle over the conduct of APC primaries or otherwise in Zamfara State will end tomorrow as...
Nigeria To Halt N360bn Capital Flight In Aviation Sector
A new internationally licensed Maintenance Repair and Overhaul (MRO) that will end over N360 billion capital flight has been launched...
We Must Organise Mining Sector For Optimal Results– Mayere
Lawal Mayere is a retired permanent secretary in Kaduna State.He served in the ministries of land, works, solid minerals ,...
Combating Desertification In Sahel, Horn Of Africa
CHIKA OKEKE examines attempts by governments and stakeholders in the African region to protect its landmass from mind boggling desertification....
NEWS18 hours ago
INEC Withdraws 2 Certificate Of Return In Kaduna
FOOTBALL19 hours ago
Borussia Dortmund Complete Signing Of Thorgan Hazard
NEWS24 hours ago
Ortom Seeks New Criteria For Appointing VCs
NEWS16 hours ago
Zamfara Assembly Creates Additional Emirate Council
NEWS18 hours ago
Indonesia Post-Election Protests Leave 6 Dead
AVIATION19 hours ago
Aviation Unions Shut Down NCAA Over New Organogram
BUSINESS18 hours ago
Huawei Faces Break With Key Chip Maker
NEWS14 hours ago
Anxiety In Ogun As RCCG Raids, Dump Destitutes In Abeokuta