CBN to Auction NGN822 Billion Treasury Bills in Q3, 2020

The Central Bank of Nigeria (CBN) plans to raise NGN822 billion via Nigerian Treasury Bills (NTBs) between June 2020 and Au-gust 2020, according to Q3, 2020 issuance schedule released by the apex bank. The schedule shows that a total of NGN109.65 billion 91-days bills will be auctioned during the period, together with 182-days bills worth NGN149.44 billion and 364-days instrument worth NGN562.71 billion.

Further breakdown revealed that for June 2020, a total of NGN105.55 billion worth of NTBs will be issued, NGN461.86 billion will be is-sued in July, while NGN254.4 billion worth of NTBs will be auctioned in August. The planned NTBs auction will be issued as roll-over of maturing bills of the same amount (NGN822 billion). However, the issuance schedule is subject to change at short no-tice by the CBN.

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