Treasury Bills_ CBN to sell at N2.2trn in final quarter

In Q3 of 2024, the Central Bank of Nigeria (CBN) announced that it will sell Treasury Bills (TBs) for a total estimated value of N2.2 trillion. When compared to the N1.56 trillion sold in Q3 of 24 this is a 41 percent quarter-over-quarter (QoQ) reduction.

How my spouse passed away amid our argument over Beatrice, an ex-convict whom he impregnated In its Q4’24 Nigeria Treasury Bills Issue program, CBN revealed this today.

Short-term (less than a year) Treasury Bills are a type of financial instrument that the CBN uses to borrow money from the general public on behalf of the federal government. Moreover, the CBN employs TBs to manage the amount of money in the economy. The campaign to address tuberculosis will begin on September 4 and run until November 20, 2024. The Central Bank would issue Treasury Bills (TBs) with maturities of N109.61 billion on 182 days, N1.94 trillion on 364 days, and N158.79 billion on 91 days throughout this period.

According to a breakdown of the program, the apex bank intends to sell N622.72 billion worth of TBs in September. This amount consists of N54.53 billion worth of 91-day bills, N41.05 billion worth of 182-day bills, and N527.14 billion worth of 364 bills. Apex bank is to sell N456.57 billion worth of Treasury Bills (TBs) in October. The N41.61 billion worth of 91-day bills, N34.66 billion worth of 182-day bills, and N380.3 billion worth of 364-day bills are expected to be sold.

Specifically, N62.64 billion in 91-day bills, N33.9 billion in 182-day bills, and N1.03 trillion in 384-day bills are among the N1.12 trillion worth of Treasury Bills that the CBN intends to sell in November.