Markets

Nigeria to sell 165bn naira worth of T-bills

Published January 16, 2013 Updated January 16, 2013 12:26pm

 

The bank said it will auction 34.88 billion naira in 91-day bills, 50 billion naira in 182-day notes and 80 billion naira in 364-day paper, using Dutch auction system.

 

Nigeria, Africa's top energy producer, issues treasury bills regularly as part of monetary control measures to help lenders manage their liquidity and control the money supply.

 

Copyright Reuters, 2013
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