Nigeria raises 116 bln naira in Treasury bills, yields fall

Nigeria raised 115.85 billion naira ($582 million) in Treasury bills at lower yields across all tenors compared with a previous sale last month, the central bank said on Wednesday.
Total subscription for the notes stood at 253.82 billion naira at the auction, the bank said, compared with 243.39 billion naira at its May 20 auction.
The bank sold 17.85 billion naira worth of 3-month bill at 9.79 percent yield, down from 9.95 percent at the previous auction. It sold 18 billion naira worth of six month paper at 12.7 percent versus 12.75 percent at the last auction.
The bank sold 80 billion naira worth of the one-year note at 12.99 percent, compared with 13 percent last month.