CBN to raise N1tn from treasury bills Q2

businessamlive
The Central Bank of Nigeria plans to raise a total of N1.006tn from the debt market in the second quarter of 2019.
This was disclosed by the bank in a data on the Nigerian treasury bills issue programme for second quarter 2019 on its website on Tuesday.
According to the data, the CBN will raise N503.16bn from rollover programmes with a maturity period ranging from one to three years
As part of its roles to raise funds for the Federal Government, the CBN sells treasury bills twice a month.
The bank issues treasury bills regularly as a control measure to help banks mop up excess liquidity and control the money supply.
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Onome Amuge is a Nigerian journalist and content writer known for his analytical and engaging reporting on business, finance, agriculture, commodities, and technology. He is currently a journalist at Business a.m., a Nigerian business-focused newspaper, where he has authored over 360 articles covering a wide range of topics including economic trends, market analysis, and policy developments.
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