CBN Plans To Issue N1.13tn In Treasury Bills In The Second Quarter.

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For the second quarter of 2023, the Central Bank of Nigeria intends to generate N1.13 trillion through treasury bills.

According to the bank’s website’s most recent Nigerian Treasury Bill Issue Plan for the second quarter of 2023, this was the case from the N926 billion raised in the second quarter of 2022, this is a huge increase.
The three tenors of the bills—91 days, 182 days, and 364 days—are intended to raise N23.67 billion, N34.7 billion, and N1.08 trillion, respectively.

For the months of January and February combined, the CBN has raised N540.9 billion through treasury bills.

The Nigerian government issues T-bills, short-term debt instruments, through the CBN to raise money to cover budget deficits.

Punch

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