Are You Ready? CBN Is Raising N1Trn From Treasury Bills In Q2
Do you have some cash you are willing to invest? Don’t wait for this opportunity to slip by.
The Central Bank of Nigeria, CBN plans to raise a total of 1.006 trillion naira from the debt market in the second quarter of 2019.
This was disclosed by the bank in a data on the Nigerian treasury bills issue programme for second quarter 2019 on its website on Tuesday.
According to the data, the CBN will raise 503.16 billion from rollover programmes with a maturity period ranging from one to three years
As part of its roles to raise funds for the Federal Government, the CBN sells treasury bills twice a month.
The bank also issues treasury bills regularly as a control measure to help banks mop up excess cash and control the money supply.
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