CBN Plans N117 Billion Treasury Bill Auction On Nov 29

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Nigeria plans to sell N117.17 billion worth of treasury bills at an auction on Nov 29, traders said on Tuesday.

The central bank plans to offer N26.14 billion in three-month paper, N11 billion in six-month bill and N80.03 billion in one-year note. Results of the auction will be announced next day.

The bank issues treasury bills twice a month to help the government to finance its budget deficit, curb money supply growth and provide an avenue for lenders to manage liquidity.

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