CBN To Raise N329.93 bln In Treasury Bills

The Central Bank Of Nigeria (CBN),on Wednesday said it will raise N329.93 billion in treasury bills with maturities between 3-month and 1-year at an auction on March 2. Last Month, the Banks Target was N92.39 billion ($967 million) in treasury bills with maturities between 3-month and 1-year at an auction on Feb. 3 The apex […]

The Central Bank Of Nigeria (CBN),on Wednesday said it will raise N329.93 billion in treasury bills with maturities between 3-month and 1-year at an auction on March 2.

Last Month, the Banks Target was N92.39 billion ($967 million) in treasury bills with maturities between 3-month and 1-year at an auction on Feb. 3

The apex bank said it will raise N57.85 billion in the 3-month paper, N50 billion in the 6-month debt and N222.08 billion in the one year bill, using the Dutch Auction System.

Reuters originally reported this story.