Nigeria to sell N117.17 billion treasury bills on Wednesday

Nigeria plans to sell 117.17 billion naira worth of treasury bills at an auction on November 29, traders said on Tuesday.
The Central Bank of Nigeria plans to offer 26.14 billion naira in three-month paper, 11 billion naira in six-month bill and 80.03 billion naira in one-year note. Results of the auction will be announced next day.
The bank issues treasury bills twice a month to help the government to finance its budget deficit, curb money supply growth and provide an avenue for lenders to manage liquidity.

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