FG to sell N150.6 billion in T-bills

The federal government will auction N150.61 billion  ($931.42 million) in Treasury bills with maturities ranging between three months and one year on Wednesday next week, the Central Bank of Nigeria (CBN) said.

The CBN will issue N34.88 billion in 91-day bills, N30 billion in 182-day paper and N85.73 billion in the 364-day debt note, using the Dutch auction system.

Results of the auction are expected to be released the following day, the regulator said in a statement.