The Central Bankof Nigeria plans to auction treasury bills worth N149.27 billion ($926.42 million) at its regular debt auction next week, the central bank said on Thursday.
The regulator said it would sell N49.27 billion in a 91-day paper , N50 billion each in a 182-day treasury bills and a 364-day bills next Wednesday, using the Dutch auction system.
“Each bid must be in multiples of N1,000 subject to a minimum of N10,000,” the central bank said in a public notice.
The CBN, Africa’s biggest economy after? South Africa, issues treasury bills regularly as part of measures to reduce money supply, curb inflation and help lenders manage their liquidity.