• Wednesday, May 29, 2024
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FG to raise N96.3bn in T-bills


Nigeria plans to raise 96.26 billion ($587 million) with treasury bills with maturities ranging between three months and one year on Oct. 23, the central bank said on Wednesday.

The bank said it will issue 34.88 billion naira in the 91-day paper, 30 billion naira in the 182-day note and 31.38 billion naira in the 1-year paper, using the Dutch Auction System.

The results of the auction will be released the following day and settlement will be on Oct. 25, the bank said in a public notice.