Business
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
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.
-
Latest4 days agoFull List: Meet the 2026 Nobel Prize winners across six categories
-
Football4 days agoPremier League Matchweek 7: Five Fixtures That Could Shape the Weekend
-
Latest3 days agoUmahi defends Lagos-Calabar highway route changes amid public outcry
-
Business3 days agoDangote Refinery IPO Extension: Was the 70% subscription report overhyped?
-
Business2 days ago
Dangote Refinery IPO: 70% Subscription claim meets fourfold demand assertion as investors seek clarity
-
Featured3 days agoEl-Rufai, ADC governorship candidate’s court appearance puts Kaduna opposition politics in focus
-
Latest1 day agoUCTH faces morgue crisis as 50 unclaimed corpses await mass burial
-
Latest4 days agoMakinde’s Chief of Staff, Segun Ogunwuyi, resigns