CBN plans to raise N722.17 bn through issuance of treasury bills

The Central Bank of Nigeria (CBN) has sought to raise a sum of N722.17 billion in cash through the issuance of treasury bills in the third quarter of 2021.
The apex bank made this known through its treasury bill programme for Q3 2021, between June and August 2021.
According to the bank, a sum of N41.36 billion will be issued for the 91-day maturity period, N151.13 billion for the 182 days, while N529.68 billion for the 364 days maturity period, summing up to a total of N722.17 billion.
The ralso shows that the offer amounts are subject to further changes at short notice and 1 unit of Nigerian Treasury Bills amounts to N1,000.