March 01, (THEWILL) – The Central Bank of Nigeria (CBN) has announced plans to sell N1.64 trillion in Nigeria Treasury Bills during the second quarter of 2024, covering the months of March to May.
The new offer aims to refinance existing maturing treasury bills of varying tenures.
According to the bills issue programme, the CBN will be refinancing its 91-day, 182-day, and 364-day treasury bills that are set to mature during the specified period.
The breakdown of the planned sales includes N414.28 billion for the 91-day treasury bills, N43.74 billion for the 182-day treasury bills, and a substantial N1.183 trillion for the 364-day treasury bills.
In March, the apex bank plans to sell N660.62 billion worth of TBs, comprising N32.73 billion worth of 91 days bills, N12.97 billion worth of 182 days bills and N614.92 billion worth of 364 bills.
In April, the apex bank plans to sell N292.17 billion worth of TBs, comprising N10.61 billion worth of 91 days bills, N15.97 billion worth of 182 days bills, and N265.59 billion worth of 364 days bills.
In May, the CBN plans to sell N688.3 billion worth of TBs, comprising N362.9 billion worth of 91 days bills, N14.7 billion worth of 182 days bills and N302.67 billion worth of 384 days bills.
Felix Ifijeh is a journalist with years of professional reporting experience. Known for his keen news sense, compelling storytelling and commitment to accurate, impactful reporting, he has built a reputation for turning leads into clear, engaging, and well-structured reports that resonate with readers. His work reflects deep newsroom experience and a commitment to accurate, impactful journalism.
