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FG to sell N142bn in T-bills next week

Investors interest rise in Nigerian government securities

The federal government  plans to issue N142.43 billion ($698m) in Treasury bills with maturities ranging between three months and one year on February 18, the Central Bank of Nigeria (CBN) said on Wednesday.

Read also: Manufacturers of drugs, chemicals stake N179bn to grow capacity

The bank said it will issue 32.43 billion naira in the 3-month paper, 30 billion naira in the 6-month note and 80 billion naira in the 1-year debt.

“Allotment letters would be issued for successful bids on Thursday, Feb. 19,” the central bank said.