The Central Bank of Nigeria has announced its plans to raise N1.13 trillion for the government of Nigeria through treasury bills in the second quarter of 2023.Information Guide Nigeria
According to RIPPLES NIGERIA, this represents a significant increase from the N926bn raised during the second quarter in 2022.
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Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to CanadaThis was disclosed in the Nigerian Treasury Bill Issue Programme for the Second Quarter 2023. The bill is available on CBN website.
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According to the document, the bills are classified into three tenors of 91-days, 182-days, and 364-days, with a plan to raise N23.67bn, N34.7bn, and N1.08tn respectively, with the issuance scheduled for March to May 2023.NYSC Portal
The document indicates that the CBN plans to raise N531.74bn worth of T-bills, consisting of N4.28bn worth of 91-day bills, N14.8bn worth of 182-day bills, and N512.66bn worth of 364-day bills in March.
In April, the apex bank is expected to raise N280.98bn worth of T-bills, comprising N4.8bn worth of 91-day bills, N12.62bn worth of 182-day bills, and N263.56bn worth of 364-day bills.
In May, the apex bank plans to raise N324.36bn worth of T-bills, consisting of N14.48bn worth of 91-day bills, N7.2bn worth of 182-day bills, and N302.68bn worth of 364-day bills, NAIRAMETRICS reports.JAMB Result
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