Nigeria sold N119.92 billion ($394.21 million) in short-dated treasury bills at an auction on Wednesday, with mixed yields, data from the central bank showed on Thursday.
The bank sold a total of N32.43 billion of the 3-month paper at 13.99 percent, broadly unchanged from 14 percent at the last auction on Nov. 2.
It sold N22.82 billion of 6-month debt at 17.40 percent, down from 17.50 percent at the previous auction, while a total of N64.67 billion of 1-year bills was sold at 18.70 percent, compared with 18.30 0 percent previously.
Total subscriptions rose to N158.07 billion compared with N122.96 billion at the last auction, the data showed.
Nigeria issues treasury bills to raise cash to fund the budget deficit, manage banking system liquidity and curb rising inflation.
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