The Central Bank of Nigeria (CBN) has unveiled its calendar for the re-issue of Nigerian Treasury Bills (NTBs) worth N2.2 trillion in the fourth quarter of 2024. This initiative is aimed at managing liquidity, supporting the financial market, and sustaining economic stability.
The newly released NTB calendar outlines the auction and settlement dates, as well as the volumes of NTBs scheduled for re-issuance. The breakdown includes N158.8 billion in 91-day bills, N109.6 billion in 182-day bills, and N1.9 trillion in 364-day bills.
Key dates for the re-issuance include:
– September 4-5, 2024: N233.3 billion across all maturities.
– September 11-12, 2024: N161.9 billion.
– September 25-26, 2024: N227.5 billion, predominantly 364-day bills.
– October 9-10, 2024: N81.9 billion.
– October 23-24, 2024: N374.7 billion.
– November 6-7, 2024: N513.4 billion.
– November 20-21, 2024: N610.8 billion.
These auctions will provide necessary liquidity to the financial system and help the government meet short-term financial obligations while offering investment opportunities to the market.