Nigeria plans to offer 212.85 billion naira ($675 million) in Treasury bills maturing between 91-days and 1-year on Aug. 31, the central bank said on Friday.
The bank said it will sell 45.85 billion naira worth of the 91-day bills, 62 billion naira of the 182-day paper and 105 billion naira of the 1-year debt.
Nigeria, Africa's top crude producer, issues treasury bills to raise cash to fund the government budget deficit, help manage banking system liquidity and curb rising inflation.
On Friday, the bank sold 71.6 billion naira worth of 195-day open market operation (OMO) treasury bills in its quest to support the naira and curb rising inflation.
The treasury bills sales helped to reduce the level of liquidity in the market and slow down demand for the local currency at the interbank forex market.
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