FG to raise N50.4bn in T-bills
The federal government plans to raise N50.4 billion ($253 million) worth of Treasury bills of 3-month and 6-month maturities at an auction on July 8, the Central bank of Nigeria (CBN) said on Wednesday.
The bank said it will sell N25.40 billion worth of the 91-day paper and N25 billion of the 182-day debt, using the Dutch Auction System (DAS).
Results of the auction are usually published a day after the auction.