FG TO BORROW N1.76TRN IN Q3’25 THROUGH TREASURY BILL SALES
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BY JEN NOMAMIUKOR
In alignment with the Federal Government’s loan strategy for the 2025 budget, the Central Bank of Nigeria (CBN) has commenced the sale of Treasury Bills (TBs) to generate N1.76 trillion in the third quarter of 2025 (Q3’25).
This signifies a 12.8 percent year-over-year (YoY) rise in comparison to N1.56 trillion sold in Q3’24.
CBN announced this yesterday in its Nigeria Treasury Bills Issuance program for Q3’25. Treasury Bills are short term (less than one year) debt instruments used by the apex bank to borrow money from the public on behalf of the federal government.
CBN also uses TBs to control money supply in the economy.
The TB issue programme commences on July 2, and ends on September 24, 2025.
The settlement date begins on 3rd July and ends on 25th September, 2025.
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Throughout the timeframe, the central bank will release Treasury Bills valued at N340 billion with a 91-day maturity, N230 billion with a 182-day maturity, and N1.19 trillion with a 364-day maturity.
A breakdown of the programme revealed 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 apex bank 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.
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.
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