Tinubu to borrow additional N1.76trn to fund 2025 budget
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 (Q3’25) for the Federal Government’s 2025 budget.
The CBN, in its Nigeria Treasury Bills Issue programme for Q3’25, indicated that the sale commenced on July 2, and will end on September 24, 2025, while the settlement date begins from July 3 to September 25.
During the period, 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 tenor.
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.
