Nigeria to raise $4bn in treasury bills in Q4

Nigeria plans to borrow 814.78 billion naira ($4 billion) in Treasury bills between Sept. 17 to Dec. 3, the central bank said on Friday.

The bank said it would auction 215.14 billion naira worth of the 3-month paper, 193.64 billion in the 6-month debt and 406 billion worth of 1-year paper.

The total debt proposed for the fourth quarter is 6.66 percent short of the 872.96 billion raised in the second quarter of the year, the data released by the bank showed.