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| CBN Tower, Abuja |
The Central Bank of Nigeria (CBN), plans to sell 130.37 billion naira worth of treasury bills at an auction on October 4, THE PRECISION can understand.
The breakdown indicated that the apex
bank plans to offer 28.69 billion naira in three-month paper, 33.49
billion naira in six-month bill and 68.18 billion naira in one-year
note.
bank plans to offer 28.69 billion naira in three-month paper, 33.49
billion naira in six-month bill and 68.18 billion naira in one-year
note.
Outcomes of the auction will be announced on the same day.
CBN issues treasury bills twice a month to help the government
to finance its budget deficit, curb money supply growth and provide an
avenue for lenders to manage liquidity.
to finance its budget deficit, curb money supply growth and provide an
avenue for lenders to manage liquidity.
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