Nigeria to raise N121.32 billion in T-Bills

The Central Bank of Nigeria (CBN), on Wednesday says it plans to raise N121.32 billion($747 million) via short-dated treasury bills at an auction next week.

The bank said it will sell N20.64 billion of 91-day paper, N25 billion of 182-day treasury bills and 75.68 billion one-year paper, using the Dutch Auction System.