Nigeria to issue 936.9 bln naira in Treasury bills in Q3

Kakawa Chief, Jaiyeola

Nigeria plans to issue 936.92 billion naira ($5.76 billion) in treasury bills with maturities ranging between three months to one year in the third quarter of the year, the central bank said on Tuesday.
The bank said it will auction 282.83 billion naira, comprising of 54.41 billion naira in 91-day, 96.85 billion naira in the 182-day and 131.19 billion naira in the one year paper in the second half of June.
In July, the bank will sell 205.43 billion naira worth consisting of 55.03 billion naira in 91-day, 98.40 billion naira in 182-day and 52 billion naira worth in the one year bills.
Also, in August the bank will issue 265.81 billion naira in the 3-month, 6-month and one year paper comprising of 85.81 billion naira, 80 billion naira and 100 billion in each of the tenors paper.
The bank will also issue 182.85 billion naira worth consist of 27.85 billion naira in 91-day, 65 billion naira in 182-day paper and 90 billion naira in 1-year paper, in the first half of September.