CBN to float N1.02trn fresh treasury bills

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Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele

The Central Bank of Nigeria (CBN) says it will issue fresh treasury bills (TBs) worth N1.02 trillion in the fourth quarter (Q4’18) to replace maturing TBs of the same amount during the quarter.

The apex bank disclosed this in its TB issuance programme for the fourth quarter.

The fresh TBs to be issued during the quarter comprised N62.6 billion worth of 91-Days TBs, N148.7 billion worth of 182-Days TBs and N812.4 billion worth of 364-Days TBs.

Analysis showed that from this week to the end of this month, the CBN will issue N318.5 billion of TBs comprising N11.6 billion worth of 91-Days bills, N12.4 billion worth of 182-Days bills and N294.5 billion worth of 364-Days bills.

Peace PIAK