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Nigeria To Raise N952 Billion In Treasury Bills

Nigeria will raise about 952.04 billion naira ($3.02 billion) with new issues of Treasury bills from September 15 to December 1, 2016. This is according … Continue reading Nigeria To Raise N952 Billion In Treasury Bills


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Nigeria-NairaNigeria will raise about 952.04 billion naira ($3.02 billion) with new issues of Treasury bills from September 15 to December 1, 2016.

This is according to the Central Bank of Nigeria (CBN) said on Wednesday in its latest issuance calendar.

The CBN said it would sell 264.47 billion naira worth of three-month bills, 204.88 billion of six-month bills and 482.69 billion of one-year bills.

Nigeria is expected to borrow around 900 billion naira from the local market to bridge its budget deficit, which is estimated at 2.2 trillion naira in this year’s budget.