Nigeria selling 100 billion naira treasury bills on Wednesday

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LAGOS, NOVEMBER 1, 2017 – Nigeria is set to sell 100.83 billion nairas of treasury bills at an auction on Wednesday, traders said.

The central bank of Nigeria is offering 23.05 billion nairas of three-month paper, 23.43 billion nairas of six-month bill and 54.35 billion nairas of one-year notes.

The bank issues treasury bills twice a month to help the government to finance its budget deficit, curb money supply growth and provide an avenue for lenders to manage liquidity.

DCSL 90X780

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