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CBN to re-issue N1.56 trillion maturing NTBs in Q3 2024 

CBN Treasury Bills

The Central Bank of Nigeria (CBN) plans to re-issue maturing Nigerian Treasury Bills (NTBs) worth N1.56 trillion in the third quarter of 2024. 

This strategic move is designed to manage liquidity within the financial system and support the government’s financing needs. 

The NTB issue calendar for Q3 2024 outlines issuances across various tenors, providing attractive opportunities for investors while ensuring the stability of the domestic debt market. 

 

Quarterly Overview 

For the third quarter of 2024, the CBN has detailed its plan to reissue a total of N1.56 trillion worth of NTBs. 

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This re-issuance will cover the redemption of maturing bills, thereby maintaining the critical balance between debt servicing and liquidity management. 

Specifically, the re-issuance includes N170.86 billion for 91-day tenors, N189.36 billion for 182-day tenors, and N1.20 trillion for 364-day tenors. 

 

Key Dates and Amounts 

The re-issuance schedule is meticulously planned to cover the third quarter comprehensively. 

These re-issuances reflect the government’s strategic efforts to manage domestic borrowing efficiently while addressing short-term liquidity needs. 

 

What you should know 

For investors, the NTB re-issuance presents a low-risk investment option with fixed returns. The various tenors cater to different investment horizons and risk appetites, making NTBs an attractive option for both individual and institutional investors.  

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