Nigeria to raise $4bn in treasury bills in Q4

Kayode Ogundele
Kayode Ogundele
currencies

Nigeria plans to borrow N814.78 billion ($4 billion) in Treasury bills between Sept. 17 to Dec. 3, the central bank said on Friday.

The bank said it would auction N215.14 billion worth of the 3-month paper, N193.64 billion in the 6-month debt and N406 billion worth of 1-year paper.

The total debt proposed for the fourth quarter is 6.66 percent short of the N872.96 billion raised in the second quarter of the year, the data released by the bank showed.

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