Nigeria will focus on "cheaper" domestic borrowing and loans from concessional sources.
The Minister of Finance said it's for States and the Federal Government.
The T-bill rates at today’s auction rates on the short, mid tenors and long-term declined lower.
The DMO expects to continue to raise funds through Sukuk to support improvement in infrastructure.
The commercial paper issuance was 400% subscribed, with active participation from individuals, institutional investors.
The issuance and subsequent quotations of Dangote Cement CP was the largest issued by a non-financial institution in Nigeria on FMDQ's platform.
Official: Nigerian Treasury bills calendar for June - August 2020
