…Set To Raise N120.5 Treasury Bills This Week

GOVERNOR, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele
The Central Bank of Nigeria (CBN) has said it plans to sell N120.52 billion of three-month, six-month and one-year Treasury bills on June 24.
The apex bank said in a statement it would sell N31.19 billion worth of the three-month paper, N39.33 billion of the six-month bill and N50 billion in the one-year debt next week, using the Dutch auction System.
At an auction later, the bank is offering N143.64 billion worth of Treasury bills of tenors ranging between three-month and one-year.
In addition, a total of N80 billion worth of Treasury bonds with maturities between five-year and 20-year are also on offer at the same auction. The results of both auctions will be published today.