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HomeBusiness NewsNigeria to raise 1.13 trln naira Treasury bills in Q2

Nigeria to raise 1.13 trln naira Treasury bills in Q2

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Nigeria plans to sell 1.13 trillion naira ($3.70 bln) worth of treasury bills between March 16 and 1 June, a central bank debt calendar showed.Image result for godwin emefiele
The bank aims to auction 243 billion naira in 91-day bills, 198 billion in 182-day and 689 billion in 364-day debt.
The central bank sells treasury bills twice a month to help fund the government’s budget deficit and support commercial banks in managing liquidity.
Nigeria expects a 2.36 trillion naira budget deficit for 2017, with half of it funded through domestic borrowings.
© Reuters News

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