Business
CBN to Raise N821.8bn Through Treasury Bills in Q3 2020
- CBN to Raise N821.8bn Through Treasury Bills in Q3 2020
The Central Bank of Nigeria on Friday released its treasury bills programme for the third quarter.
In the apex bank programme, Treasury Bills worth N821.8 billion would be sold in the third quarter of 2020.
Treasury Bills are short term (less than one year) debt instruments used by the CBN to borrow money from the public on behalf of the federal government. The CBN also uses TBs to control money supply in the economy.
A breakdown of the programme published on the bank’s website revealed that treasury bills of 91-day tenor worth N109.65 billion would be sold during the period while treasury bills with 182 days and 364 days tenors worth N149.44 billion and N562.707 billion respectively would also be on offer. See the complete programme below.
