FG to raise N62.4bn in treasury bills next week

FEDERAL Government is planning to sell N62.43 billion of treasury bills at an auction next Wednesday, the Central Bank of Nigeria said on Wednesday.
The bank plans to offer N32.43 billion in three-month paper and N30 billion of a six-month bill. Results of the auction will be announced on the same day.
The central 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.

(Reuters)