The federal government is scheduled to pay N847.43b to investors in the first quarter of 2020 as treasury bills mature. The Central Bank of Nigeria, in a circular on Wednesday, said of the N847.43b total treasury bills, N86.62b had 91-day tenors, N163.04b had 182-day tenors and N597.77b had 364-day tenors. The circular read in part, “Treasury bills worth N52b will mature in January (N18m 91-day bills and N34m 182-day bills) while N529.92m Treasury bills will mature in February (N43.87b 91-day bills, N80.28b 182-day bills and N405.77b 364-day bills. “Another N265.5b worth of Treasury bills will mature in March with N24.7bm, N48.75b and N192b spread across the 91-day, 182-day and 364-day tenors.” The CBN also planned to issue N847.44b worth of treasury bills in the first quarter of 2020. It stated that N75.62m worth of Treasury bills with 91-day tenors would be issued while the 182-day tenor would see N141.04m worth of Treasury bills issued. It added that the N630.77b worth of Treasury bills with 364-day tenor would be issued. The circular gave the breakdown of the issuances with 91-day tenors to include N7b in January, N43.87b in February and N24.75b in March. On the 182-day tenored bills, it said N12b would be offered in January, N80.28m in February and N48.75m in March. The CBN said it would offer for subscription on the 364-tenor N33b in January, N405.77b in February and N192b in March. It added that the amounts scheduled for subscription offer might change at short notice.