Finance
CBN Plans to Raise N1tn from Debt Market in Q2
- CBN Plans to Raise N1tn from Debt Market in Q2
The Central Bank of Nigeria plans to borrow N1.006 trillion from the debt market in the second quarter of 2019.
The apex bank disclosed this in a data published on the Nigerian treasury bills issue programme for the second quarter of 2019 on Tuesday.
The data showed the central bank will raise a total of N503.16 billion from rollover programmes with a maturity period ranging from one to three years.
As part of central bank roles to raise funds for the government, the CBN sells treasure bills twice a month.