CBN to raise N1.13tn treasury bills in Q2
The Central Bank of Nigeria plans to raise N1.13tn via treasury bills for the second quarter of 2023.
This was according to the latest Nigerian Treasury Bill Issue Programme for the Second Quarter 2023 available on the bank’s website.
This is a significant increase from N926bn raised in the second quarter of 2022. The bills are divided into three tenors of 91-days, 182-days, and 364-days with a plan to raise N23.67bn, N34.7bn and N1.08tn respectively.
The programme document also revealed that the issuance is for March to May 2023.
A breakdown shows that the CBN plans to raise N531.74bn worth of T-bills, comprising N4.28bn worth of 91 days bills, N14.8bn worth of 182 days bills, and N512.66bn worth of 364 days bills in March.
In April, the central bank plans to raise N280.98bn worth of T-bills comprising N4.8bn worth of 91 days bills, N12.62bn worth of 182 bills and N263.56bn worth of 364 days bills.
In May, the apex bank plans to raise N324.36bn worth of T-bills comprising N14.48bn worth of 91 days bills, N7.2bn worth of 182 bills and N302.68bn worth of 364 days bills.
