The federal government plans to sell about N192.39 billion ($1.0 bn) in treasury bills with maturities of 3-month and one year at an auction next week as part of measures to curb money supply, the Central Bank of Nigeria (CBN) said on Wednesday.
Read also: FG sells N129bn in Treasury bills, yields mixed
The bank said in a notice that it will sell N45.17 billion worth of 3-month treasury bills, N30 billion in 6-month paper and N117.22 billion in one year paper, using the Dutch Auction System.
Results of the auction are expected the following day, the CBN said
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