Tag: Treasury Bills
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CBN to auction N33.4b Treasury Bills via Primary Market today
The Central Bank of Nigeria (CBN) will today conduct the sale of fresh treasury bills to investors. During the exercise, the apex bank will be hoping to raise a total of N33.38 billion from market players expected to subscribe to the offering, which are maturing and to be reissued. A breakdown of the proposed exercise…
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Does CBN Fund Govt Deficit With Treasury Bills Auctions? By Henry Boyo
By Henry Boyo “My brother, Nigeria is managing debt not wealth, because a big hole was dug in her pocket after the jamboree called FESTAC, 77. The TB (Treasury Bills) is government borrowing to finance the deficit. If you understand public finance well, you will know it is the function of CBN to ensure the…
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NASS: Stop Executive madness to refinance Treasury Bills with $3bn debt By Henry Boyo
By Henry Boyo The Federal Executive Councils’ approval to refinance an estimated N915bn ‘Naira denominated’ Treasury bills by borrowing $3bn from external sources, was announced by Finance Minister, Kemi Adeosun, after Council meeting on 9th August 2017. A report titled “To Finance $3bn T/bills with dollar debt” in Punch newspaper of 10th August, narrates the…
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Debt management: FG to refinance $3b treasury bills
The Minister of Finance, Kemi Adeosun on Wednesday at the Federal Executive Council, FEC, meeting announced a new measure to restructure Nigeria’s debt profile by borrowing more in dollars. Adeosun told reporters at the end of the meeting that the government will also refinance treasury bills. She said: “The memo that I presented and approved…
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Desperation for forex and 18 percent Treasury Bills “Awoof”! By Henry Boyo
By Henry Boyo “The Central Bank of Nigeria offered six and 12-month Treasuries, at yields higher than the country’s inflation rate to lure yield-hungry investors and attract dollar inflows.” “Notably, the CBN sold a total of N204.96bn ($650.67m) in bills, on 19th July 2017. Meanwhile, “Annual inflation rate has reportedly eased to 16.1 percent.” However,…
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CBN to sell N1.24tr Treasury Bills by September
The Central Bank of Nigeria (CBN) plans to sell N1.24 trillion ($4.1 billion) worth of treasury bills (T-bills) from June 15 to August 31, the regulator’s debt calendar for the third quarter has shown. The bank aims to auction N226.64 billion in 91-day bills, N311.32 billion in 182-day and N698.64 billion in 364-day debt. TheNewsGuru.com…
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CBN sells N400 billion Treasury bills to clear money market liquidity
The Central Bank of Nigeria, CBN sold about 400 billion naira ($1.27 billion) of Treasury bills on Friday, lifting the interbank lending rate up to 12 percent, traders said. The bank sold 82 billion naira in 181-day Treasury bills at 18 percent and 309 billion at 18.6 percent, mopping up liquidity from the money…
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CBN sells N40bn treasury bills
The Central Bank of Nigeria, CBN said it had raised N39.72bn ($130.57m) at a Treasury bill sale, with yields unchanged on the previous auction. The CBN sold N13.17bn of three-month paper at 14 per cent, the same yield as on December 14, and sold N26.55bn of six-month paper at an also unchanged 17.5 per…