The Central Bank said it would auction 245.77 billion Naira worth of 91-day bills and 238.51 billion naira worth of 182-day paper between December 17, 2015 and March 3, 2016.
It will raise 735.54 billion Naira worth of 364-day treasury bills in the same first quarter of 2016.
Nigeria, Africa’s biggest economy, issues treasury bills regularly as part of monetary control measures to help lenders manage their liquidity and fund government revenue shortfalls.
Yields on local denominated debt have plummeted since the Apex Bank slashed its benchmark interest rate to 11 per cent from 13 per cent in November.
Source: Channels News
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