Nigeria plans to offer 212.85 billion naira ($675 million) in Treasury bills maturing between 91-days and 1-year on Aug. 31, the central bank said on Friday.
Nigeria to sell N213B treasury bills
The bank said it will sell 45.85 billion naira worth of the 91-day bills, 62 billion naira of the 182-day paper and 105 billion naira of the 1-year debt.
Central Bank Of Nigeria Governor, Godwin Emefiele
Payment for the purchase will be effected on Thursday, the bank said in a public notice.
Nigeria, Africa's top crude producer, issues treasury bills to raise cash to fund the government budget deficit, help manage banking system liquidity and curb rising inflation.
($1 = 315 naira)
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Ogun FRSC set to arrest motorists with petrol-filled jerry cans in vehicles
Fruit waste from Ketu market can generate power for homes, markets, industries
Tinubu's 2nd term bid at risk over 'betrayal' of El-Rufai, Yahaya Bello - Sowunmi
EFCC to freeze 1k bank accounts for forex dealings, investigate for 90 days
Osun petroleum agency warns marketers against fuel hoarding, inflating price
'People are setting up business centres, calling themselves pastors' - Oshiomhole
Rivers Reps console tanker blast victims, seek aid from philanthropists
Tinubu says technology will curb corruption, enhance Government transparency
Comply with EFCC's arrest, avoid disgracing former Governors - Ortom
ADVERTISEMENT