FG to Sell N236.7b Treasury Bills Next Week

June 8, 2017
FG to Sell N236.7b Treasury Bills Next Week

FG to Sell N236.7b Treasury Bills Next Week

By Dipo Olowookere

Central Bank of Nigeria (CBN) on Wednesday said the Federal Government plans to sell about N236.66 billion treasury bills (T-bills) at an auction exercise to be carried out next week.

According to the apex bank, this exercise, a Dutch auction system, will precisely hold on Wednesday, June 14, 2017 and it would be short-dated treasury bills with the payment due the next day, Thursday, June 15, 2017.

The auctioned T-bills would be N39 billion of three-month notes, N23.02 billion of six-month debt and N174.64 billion of one-year bills, the CBN noted.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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