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Oct 16, 20149 min read

FG To Raise N96.3bn In Treasury Bills

FG To Raise N96.3bn In Treasury Bills
Galaxy TV · Business desk · Lagos

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Nigeria plans to raise 96.26 billion ($587 million) with treasury bills with maturities ranging between three months and one year on Oct. 23, the central bank said on Wednesday.

The bank said it will issue 34.88 billion naira in the 91-day paper, 30 billion naira in the 182-day note and 31.38 billion naira in the 1-year paper, using the Dutch Auction System.

The results of the auction will be released the following day and settlement will be on Oct. 25, the bank said in a public notice.

 

 

 

 

 

reuters

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Galaxy TV
Editorial Desk

Reporting for Galaxy TV from Lagos and Abuja, covering energy and national affairs across Nigeria and West Africa