The Central Bank of Nigeria (CBN) has moved to raise N219 billion ($1.10 billion) by auctioning short term T-bills.
Reuters reports the CBN said it will sell 55.40 billion naira of three-month and 33.49 billion naira of six-month bills and 130 billion naira of one-year debt, using the Dutch auction system.
The results of the auction are expected to be released on Thursday.
According to the central bank’s issuing calendar for treasury bills, the same amount of bills on offer will also be due for repayment the day of the auction.
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