Federal Government raises N381.2 billion through treasury bills in January 2024

In January 2024, the Federal Government raised about N381.219 billion through treasury bills (NT-Bills) issued on January 10 and 24.

This represents a 67.8% decline from the N1.18 trillion raised in December 2023 raised through NT-Bills.

It is quite conventional that yield rates on treasury bills mirror the direction of the Central Bank with regard to monetary policy rates.