The Central Bank of Nigeria () plans to issue treasury bills worth N1.021 trillion between June and August this year.
According to the CBN’s Nigerian Treasury Bills issue programme, a total of N214 billion would be raised by issuing 91-day, 182-day and 364-day treasury bills on June 15.
Also, on June 22, the Bank would also sell treasury bills worth N133 billion, while on July 6, the fixed income instrument valued at N177 billion would be issued by the CBN.
According to ThsDay, the central bank’s treasury bills issuing programme showed that on July 20, the Bank would issue another treasury bills of various tenor worth N205 billion; N229 billion on August 3rd and N62.436 billion on August 17.
The Debt Management Office (DMO) recently put Nigeria’s total debt stock at N19.15 trillion as at the end of first quarter 2017; up from the N17.36 trillion it was at the end of last year.
According to the DMO, the external component of the country’s debt stood at $13.80 billion at the end of March 2017, as against $11.40 billion at the end of December. But the domestic component of the debt fell to N11.97 trillion, as against N13.88 trillion last year.
A breakdown of the domestic debt component showed that while FGN Bonds was N8.178 trillion, Nigerian Treasury Bills N3.6 trillion, Nigerian Treasury Bond was N191 billion and the FGN Savings Bond N2.068 billion.
The federal government raised a total of $1.5 billion through Eurobond sales in two tranches in the first quarter of this year with the Minister of Finance, Kemi Adeosun saying Nigeria’s debt is not too high. She had said that the country’s debt to Gross Domestic Product ratio remained low.
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