In the meantime, liquidity in the Nigerian banking system is said to be below N100 billion
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