Treasury Bills: FG to raise N1.809tn for first quarter

2019 promises to be another eventful one for investors in Treasury Bills as the Central Bank of Nigeria (CBN) plans to raise a total of N1.809 trillion from the debt market, in the first quarter (Q1) of 2019.
According to ‘The Cable’, this is in line with data contained in the Nigerian Treasury Bills Issue Programme for the first quarter of 2019, posted on the bank’s website on Tuesday.
The apex bank said it would raise N823.43 billion from rollover programmes with a maturity period ranging from one to three years.
The report adds, “According to the document, 91-day bills worth N51.46 billion will be rolled over, together with 182-day bills worth N164.92 billion and 364-days bill worth N607.05 billion.
The apex bank also said that N985.93 billion worth of treasury bills would mature during the same period.
“They are in 91-day, 182-day and 364-day papers worth N59.02 billion, N248.84 billion and N678.06 billion respectively.”
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