The Federal government is to raise about N952.04 billion ($3.02 billion) with new issues of Treasury bills from Sept. 15 to Dec. 1, the Central Bank of Nigeria (CBN) said on Wednesday in its latest issuance calendar.
The bank said it would sell N264.47 billion worth of three-month bills, 204.88 billion of six-month bills and 482.69 billion of one-year bills.
Nigeria is expected to borrow around 900 billion naira from the local market to bridge its budget deficit, which is estimated at 2.2 trillion naira in this year’s budget. ($1 = 315 naira)
