Nigeria plans to sell N1.13 trillion ($3.70 bln) worth of treasury bills between March 16 and 1 June, a central bank debt calendar showed.

The bank aims to auction N243 billion in 91-day bills, N198 billion in 182-day and N689 billion in 364-day debt.

The central bank sells treasury bills twice a month to help fund the government’s budget deficit and support commercial banks in managing liquidity.

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Nigeria expects a N2.36 trillion budget deficit for 2017, with half of it funded through domestic borrowings.

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