FG Plans N119.9 Billion Treasury Bill Auction On Nov 15

Nigeria plans to sell N119.94 billion of treasury bills at an auction on Nov 15., the central bank said on Wednesday.

The bank plans to offer N32.44 billion in three-month paper, N22.82 billion in six-month bills and N64.68 billion of a one-year note. Results of the auction will be announced on the same day.

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

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