The Central Bank of Nigeria (CBN) has commenced the sale of Treasury Bills, (TBs) to raise N1.76 trillion in the third quarter of 2025.as part of the Nigerian Federal Government’s borrowing plan for the 2025 budget.
This represents a 12.8 per cent year-on-year (YoY) increase when compared to N1.56 trillion sold in Q3’24.
According to the Nigeria Treasury Bills Issue programme of the CBN for Q3’25, the apex bank will issue TBs worth N340 billion on 91 days tenor, N230 billion on 182 days and N1.19 trillion on 364 days.
The breakdown of the programme showed that in July, the apex bank plans to sell N540 billion worth of TBs, comprising N150 billion worth of 91 days bills, N40 billion worth of 182 days bills and N350 billion worth of 364 bills.
In August, the CBN plans to sell N450 billion worth of TBs, comprising N110 billion worth of 91 days bills, N50 billion worth of 182 days bills, and N290 billion worth of 364 days bills.
And in September, the CBN plans to sell N770 billion worth of TBs comprising N80 billion worth of 91 days bills, N140 billion worth of 182 days bills and N550 billion worth of 384 days bills.
Treasury Bills are short term (less than one year) debt instruments used by central banks to borrow money from the public on behalf of the government.
GIK/APA