Nigeria raises 136 bln naira in T-bills at higher yields

Nigeria sold 136.24 billion naira ($684.67 million) in Treasury bills with maturities from three months to one year at its first auction of the year on Wednesday, at higher yields than previously, the central bank said on Thursday.
The bank sold 55.4 billion naira of three-month paper at 4 percent, up from 3.62 percent at a sale on Dec. 23.
It also sold 25 billion naira of six-month debt at 6.99 percent against 6.19 percent, and 55.84 billion naira of one-year paper at 8.05 percent compared with 7.45 percent.
Total demand stood at 311.5 billion naira compared with 226.97 billion last time.