FG to raise $1.1 billion in Treasury bills

Nigeria plans to raise N183.64 billion ($1.12 billion) via Treasury bills with maturities ranging from three months to one year on April 9, the central bank said on Wednesday.

The bank said it will auction N20.15 billion in the 91-day paper, N43.49 billion in the 182-day paper and N120 billion in the 364-day debt note, using the Dutch auction system.

It expects to release the auction results on the following Thursday.