Nigeria to sell N213B treasury bills

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.

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)