By Agency Reporter
Friday, 5 Nov 2010
The Central Bank of Nigeria on Thursday said it planned to raise N121.70bn ($810.2m) in 91-day, 182-day and 364-day treasury bills next week.
The CBN said in a statement that it would issue N26.70bn in 91-day bills; N45bn in 182-day; bills and N50bn in 364-day bonds, using the Dutch Auction System next Thursday.
The statement added that the result of the auction would be released the following day, Reuters reported on Thursday.
Nigeria, sub-Saharan Africa‘s second-biggest economy, issues treasury bills regularly as part of monetary control measures to curb inflationary growth and help banks manage their liquidity.
Source: PunchÂÂÂ
