CBN to auction treasury bills

Channels Television  
Updated May 17, 2012

The Central bank of Nigeria (CBN) has announced plans to auction N126.33 billion in treasury bills ranging from 3-month to 1-year in maturities at its regular monthly debt auction on May 23.

The bank will issue N30.65 billion in 91-day paper, N45 billion in 182-day bills and N50 billion in 364-day bills next week Wednesday.

Nigeria auctions treasury bills regularly to reduce money supply, curb inflation and also help the country’s commercial lenders manage their liquidity.Channels television,