The Central Bank of Nigeria (CBN) has released the second quarter 2020 Treasury Bills calender with indications that it plans to issue Treasury Bills of N512.8 billion between April and June 2020. N334.6 billion less than the N847.4 billion raised in the first quarter of the year.
The brakedown of the details of the second quarter Treasury Bills as published by the CBN indicates that N94.2 billion worth of Treasury Bills will be available for 91 days while N86.2 billion will be available for 182 days and N333.4 billion will be available for 364 days.
“Treasury bills (or T-Bill) are short-term government debt security, which yields no interest. Rather, it is issued at a discount on the redemption price. Basically, the Federal Government issues treasury bills at discounted prices for maturity periods between 91 and 364 days”.