Finance
CBN plans N193bn treasury bill sale next week
Central Bank of Nigeria is billed to raise the sum of N193.14 billion worth of treasury bills at an auction on August 30. The CBN will on that day offer N26.14 billion in three-month tenure, N62 billion in six-month bill and N105 billion in one-year tenure. The auction result will be announced on the same day.
The CBN issues treasury bills twice a month to help the government finance its budget deficit, curb money supply growth and provide avenues for lenders to manage liquidity. Federal Government is planning to refinance $3 billion worth of treasury bills denominated in the local currency with dollar borrowing to lower costs and improve its debt position, finance minister Kemi Adeosun said last week.
-
Agriculture1 day agoAfrican Development Fund grants $4.3m to strengthen integration of natural capital into decision-making in 13 African countries
-
Oil and Gas4 hours agoDangote refinery drops PMS to ₦1,165/Litre, diesel to ₦1,570/litre
-
Oil and Gas1 day ago
Dangote refinery aims to raise $5bn with October listing, source says
-
Finance1 day agoCBN holds fair in Gombe to deepen financial inclusion, promote economic growth
-
News1 day agoTinubu approves salary increases for armed forces personnel
-
Economy1 day agoNigeria woos U.S. solid minerals investors
-
News1 day agoDisCos metered 227,559 customers in 2 months— NERC
-
News4 hours ago85m Nigerians still lack access to grid electricity—REA