CBN To Raise N1tn From Treasury Bills Q2

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

Advertisement

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.

Check Also

NDIC Harp On Stakeholders Collaboration On Prudential Thresholds, Regulatory Instruments In Financial System Stability

The Nigeria Deposit Insurance Corporation (NDIC), has said for a viable financial system stability to thrive, there need for collaboration from all stakeholders in the domestic economy.