The Central Bank of Nigeria (CBN) has announced its plans to raise 100.88 billion in treasury bills with maturities between three months and one year at an auction on September 23.
The apex bank said it would issue new 91-day paper worth N31.19 billion, N10.61 billion in 182-day bills, and N59.08 billion in 1-year debt, using the Dutch Auction System.
Results of the auction are expected to be released the following day.
The CBN issues treasury bills twice-monthly to fund the government budget deficit and manage liquidity in the banking system
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