LAGOS: Nigeria plans to raise 129.67 billion naira ($403.01 million) in short-dated treasury bills at an auction next Wednesday, the central bank said on Friday.
The bank said it would raise 28 billion naira in three-month paper, 33.49 billion naira in six-month bills and 68.18 billion naira in one-year bills.
Payment for the purchases will be made on Thursday, the bank said in a public notice.
Nigeria issues treasury bills to raise cash to fund the budget deficit, manage banking system liquidity and curb rising inflation.
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