Nigeria plans to raise 329.93 billion naira in treasury bills with maturities range between 3-month and 1-year at an auction on March 2, the central bank said on Wednesday.
The bank said it would issue 57.85 billion naira in the 3-month bill, 50 billion naira in the 6-month paper and 222.08 billion naira in the 1-year debt, using the Dutch Auction System.
Nigeria issues treasury bills to help manage banking system liquidity and provide cash flow for government business.
Wednesday, 24 February 2016
Nigeria to raise 329.93 bln naira in treasury bills
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