Nigeria to raise $4 billion in treasury bills in Q4

The Central Bank of Nigeria (CBN) says it plans to auction N814.78 billion in Treasury bills between September 17 to December 3.

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According to the bank’s data on Friday, it will auction N215.14 billion worth of the 3-month paper, N193.64 billion in the 6-month debt and N406 billion worth of 1-year paper.

It said that the total debt proposed for the fourth quarter would be 6.66 per cent short of the N872.96 billion raised earlier in the year.