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FG plans to raise N134.5 billion in Treasury bills

The Federal government has announced plans to raise N134.56 billion in treasury bills ranging from 3-month to 1-year maturities at its regular bi-monthly debt auction … Continue reading FG plans to raise N134.5 billion in Treasury bills


The Federal government has announced plans to raise N134.56 billion in treasury bills ranging from 3-month to 1-year maturities at its regular bi-monthly debt auction on Wednesday, the Central Bank of Nigeria (CBN) said on Tuesday.

The apex bank said it will issue N21.84 billion in 91-day paper, N52.73 billion in 182-day bills and N60 billion in 364-day bills next week on June 28.

The federal government issues treasury bills regularly to reduce money supply, curb inflation and help lenders manage their liquidity.

Dealers said the release of May budget allocations to government agencies would spur demand for the paper, but yields are expected to be mixed.