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FG to raise N1.07bn in Q2 Treasury Bills

By News Express on 12/03/2016

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The Central Bank has announced plans by the Federal Government to raise 1.07 trillion Naira worth of treasury bills for the second quarter of the year.

According to the regulator, 303.77 billion Naira will be issued in the 91-day bill, 169.98 billion Naira in the 182-day bill, while 599.63 billion Naira will be issued in the one-year bill between March 17 and June 2.

For the first quarter, a total of 1.22 trillion Naira was raised from treasury bills sale.

On Monday, the federal government issued 160 billion Naira worth of 213-day treasury bills at an open market operations auction at 7.7%. (Channels TV)

•Photo shows CBN Headquarters.

Source News Express

Posted 12/03/2016 8:51:21 PM


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