Nigeria plans to raise 129.8 billion naira ($827 mln) by selling treasury bills with maturities ranging from three months to one year at its regular twice monthly debt auction on Nov. 8, the central bank said on Wednesday.
The bank said it will issue 32.05 billion naira in 91-day paper, 50 billion naira in 182-day bills and 47.78 billion naira in the 364-day paper.
Africa’s biggest oil producer issues treasury bills to reduce money supply, curb inflation and help banks manage their liquidity.
