The Central Bank of Nigeria (CBN) has announced its plan to re-issue N2.2 trillion worth of Nigerian Treasury Bills (NTBs) in the fourth quarter of 2024.
This move is part of the government’s strategy to manage liquidity, support the financial market, and maintain economic stability.
Key details of the NTB calendar include:
– Total issuance: N2.2 trillion
– Breakdown: N158.8 billion in 91-day bills, N109.6 billion in 182-day bills, and N1.9 trillion in 364-day bills
The calendar outlines seven auction dates spanning from September to November 2024:
1. September 4-5: N233.3 billion
2. September 11-12: N161.9 billion
3. September 25-26: N227.5 billion
4. October 9-10: N81.9 billion
5. October 23-24: N374.7 billion
6. November 6-7: N513.4 billion
7. November 20-21: N610.8 billion
The largest single re-issuance is scheduled for the final auction in November, totaling N610.8 billion. This strategic timing aims to ensure adequate liquidity in the financial system as the quarter concludes.
Investors and market watchers are expected to closely monitor these auctions, as they provide opportunities for secure, high-yielding investments while helping the government meet its short-term financial obligations.
The CBN’s detailed schedule demonstrates a commitment to transparency and allows stakeholders to prepare for these significant market events. As the auctions unfold, their impact on Nigeria’s monetary policy and broader economic landscape will be closely observed.
