Nigeria Plans to Sell $1.57bn Treasury Bills

Nigeria Plans to Sell $1.57bn Treasury Bills

Nigeria plans to auction 254.61 billion naira ($1.57 billion) in treasury bills with maturities ranging from three months to one year at its bi-monthly debt auction on July 12, the central bank said in a public notice yesterday.

The bank said it will sell 30 billion naira in 91-day paper, 159.21 billion naira in 182-day, and 65.40 billion naira in 364-day bills in a Dutch auction.

Nigeria, Africa’s second biggest economy, sells short-dated debt instruments bi-monthly to control money supply, curb inflation and help lenders manage their liquidity.

Source: Naij.com

Related news
Governor Ortom laments over Benue's high wage bill, says permanent secretaries earn N500,000 above their counterparts in Lagos, Kano

Governor Ortom laments over Benue's high wage bill, says permanent secretaries earn N500,000 above their counterparts in Lagos, Kano

Governor Ortom laments over Benue's high wage bill, says permanent secretaries earn N500,000 above their counterparts in Lagos, Kano
NAIJ.com
Mailfire view pixel