Follow Us on Google Discover- Nigeria plans to sell 138.16 billion naira ($454.47 million) in short-dated treasury bills at an auction next Wednesday, the central bank said on Tuesday.
- In a public notice, the bank said it would raise 36.78 billion naira in three-month papers, 35 billion naira in six-month bills and 66.38 billion naira in one-year bills. Payment for the purchases would be made on Thursday.
- Nigeria issues treasury bills to raise cash to fund the budget deficit, manage banking system liquidity and curb rising inflation.
- Source: Reuters
Nigeria’s remittance inflows hit $1.57 billion, May and June fuel record surge
