CENTRAL BANK OF NIGERIA
– DUTCH AUCTION OF NIGERIA TREASURY BILL
CENTRAL BANK OF NIGERIA ON BEHALF OF DMO OFFERS NIGERIAN TREASURY BILLS
Notice is hereby given by the CENTRAL BANK OF NIGERIA on behalf of DMO that the Federal Government of Nigeria Treasury Bills of 91, 182 and 364-day tenors amounting to N49,839,651,000 ; N54,592,585,000 and N161,522,566,000 respectively would be issued by Dutch auction on Thursday, July 30, 2020.
All Money Market Dealers should submit bids through the CBN S4 WEB INTERFACE between 8.00 a.m. and 11.00 a.m. on Wednesday, July 29, 2020.
Each bid must be in multiple of N1,000 subject to a minimum of N50, 001, 000. Authorized Money Market Dealers can submit multiple bids. A bid may be for authorized Money Market Dealers own account, non-Money Market Dealers or interested members of the public. The result of the auction would be announced by 1.00 p.m. on Wednesday, July 29, 2020. The Bank reserves the right to reject any bid.
Allotment letters would be issued for successful bids on Thursday, July 30, 2020, while payment for the successful bids should be made to your account with Central Bank of Nigeria not later than 11.00 a.m. on Thursday, July 30, 2020.