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CBN to raise N917 billion from Treasury bills in Q2

The Central Bank of Nigeria on Thursday said it plans to raise N917.76 billion ($5.82 billion) from treasury bills in the second quarter of the … Continue reading CBN to raise N917 billion from Treasury bills in Q2


Lamido Sanusi has insisted in filing a suit challenging his suspension

The Central Bank of Nigeria on Thursday said it plans to raise N917.76 billion ($5.82 billion) from treasury bills in the second quarter of the year.

The regulator said it would auction N182.12 billion worth in 91-, 182- and 364-day paper in March, N324.25 billion worth in April, N273.37 billion in May and N137.97 billion worth of the same tenor in June.

More offshore investors have been investing in Nigeria’s local debt since the beginning of the year because of attractive yields.

Nigeria, Africa’s second biggest economy after South Africa, issues treasury bills regularly as part of monetary control measures to help lenders manage their liquidity.