The Central Bank of Nigeria (CBN) has announced plans to issue N137.97 billion in Treasury Bills ranging from 3-month to 1-year maturities at its regular bi-monthly debt auction on June 7.
The apex bank on Friday said it plans to issue N32.97 billion in 91-day paper, N45 billion in 182-day bills and N60 billion in 364-day bills next week on Wednesday.
The federal government issues treasury bills regularly to reduce money supply, curb inflation and help lenders manage their liquidity.
The short-dated debt of the treasury bills attracted higher yields across the board at the last auction on May 23 compared with the one earlier, due to concerns on rising inflation.