Nigeria to raise 121bn naira in T-bills

14 May, 2014

LAGOS: Nigeria plans to raise 121.32 billion naira ($747 million) via short-dated treasury bills at an auction next week, the central bank said on Wednesday.

The bank said it will sell 20.64 billion naira of 91-day paper, 25 billion naira of 182-day treasury bills and 75.68 billion one-year paper, using the Dutch Auction System.

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