The Central Bank of Nigeria (CBN) has revealed its strategy to settle Treasury Bills (TBs) worth N1.64 trillion during the second quarter of 2024. The initiative, it was learnt, is as part of the apex bank’s Nigeria Treasury Bills Issue programme. This, analysts said, underscores the CBN’s commitment to managing liquidity and meeting financial obligations effectively.

Treasury Bills serve are short-term debt instruments utilised by central banks to raise funds from the public, while also serving as a mechanism to regulate the money supply within the economy.Documents seen by THISDAY showed that the Treasury Bills settlement program is scheduled to commence on March 7th and will conclude on May 23rd, 2024. During this period, the CBN will focus on settling TBs with varying tenors, including N414.29 billion on 91 days, N43.74 billion on 182 days, and a substantial N1.18 trillion on 364 days.