Nigeria to raise 62.4 bln naira in Treasury bills next week

0
65

LAGOS, AUGUST 9, 2017 – The central bank of Nigeria (CBN) plans to sell 62.43 billion naira ($171 mln) of treasury bills at an auction next Wednesday, the central bank said on Wednesday.

The bank plans to offer 32.43 billion naira in three-month paper and 30 billion naira of a six-month bill. Results of the auction will be announced on the same day.

The central 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

LEAVE A REPLY