CBN to auction N814.78b in treasury bills

The Central Bank of Nigeria, CBN, has announced that it plans to auction N814.78 billion in Treasury bills from September 17 to December 3.

The bank, according to its data on Friday, said it will 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.

According to the bank, the total debt proposed for the fourth quarter would be 6.66 per cent short of the N872.96 billion raised earlier in the year.