Nigeria to raise 195bn naira in Treasury bills

LAGOS: Nigeria plans to raise 195.17 billion naira ($1.21 billion) in short-dated treasury bills at an auction next Wednesday, the central bank said on Friday.

The bank said it plans to raise 45.17 billion naira in one month treasury bills, 50 billion naira in 6-month paper and 100 billion naira in the one year debt note.

Traders said yields on the debt are expected to fall in line with the trend seen at the previous auction since June.