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Wednesday 30 April 2014

Nigeria to raise 157 bln naira via Treasury bills next week

Nigeria plans to raise 157.05 billion naira ($978.20 million) via treasury bills with maturities of between three months and one year on May 7, the central bank said on Wednesday.
The bank said it would sell 22.05 billion in three-month bills, 30 billion naira of six-month paper and 105 billion naira in one-year bills, using the Dutch auction system.
Results of the auction are expected the following day, the bank said in a statement.

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