CBN sells 100 billion naira treasury bills on Wednesday – Traders

Nigeria is set to sell 100.83 billion nairas of treasury bills at an auction on Wednesday, traders said. The central bank is offering 23.05 billion nairas of three-month paper, 2...

Nigeria is set to sell 100.83 billion nairas of treasury bills at an auction on Wednesday, traders said.

The central bank is offering 23.05 billion nairas of three-month paper, 23.43 billion nairas of six-month bill and 54.35 billion nairas of one-year notes.

The bank issues treasury bills twice a month to help the government to finance its budget deficit, curb money supply growth and provide an avenue for lenders to manage liquidity. (REUTERS)

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    CBN sells 100 billion naira treasury bills on Wednesday – Traders

    Nigeria is set to sell 100.83 billion nairas of treasury bills at an auction on Wednesday, traders said. The central bank is offering 23.05 billion nairas of three-month paper, 2...

    Nigeria is set to sell 100.83 billion nairas of treasury bills at an auction on Wednesday, traders said.

    The central bank is offering 23.05 billion nairas of three-month paper, 23.43 billion nairas of six-month bill and 54.35 billion nairas of one-year notes.

    The bank issues treasury bills twice a month to help the government to finance its budget deficit, curb money supply growth and provide an avenue for lenders to manage liquidity. (REUTERS)

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