FG – Nigeria plans to raise N150.6 billion in Treasury bills

Nigeria plans to raise 150.6 bln naira in Treasury bills

Buhari orders immediate sack of Maina, demands probe of recall

The Federal government of Nigeria plans to raise 150.60 billion naira ($760.61 million) from sales of Treasury bills with maturities ranging from three months to a year on May 8, the central bank said on Tuesday.

The bank said it will raise 45.17 billion naira in 3-month bills, 23.43 billion in the 6-month paper and 82 billion in one-year debt.

Yields rose significantly across the board at the April 20 auction, reflecting rising inflation, which rose to 12.8 percent in March, from 11.4 percent the previous month.

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