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Nairaland Forum / Nairaland / General / Politics / FG To Raise 242 Billion Naira In Treasury Bills (307 Views)
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FG To Raise 242 Billion Naira In Treasury Bills by kolmist: 1:01pm On Jan 24, 2017 |
Nigeria plans to raise around 242 billion naira ($772 million) in short-dated treasury bills at an auction on Feb. 1, the central bank said on Tuesday. The bank said it would raise 45.17 billion naira in three-month debt, 80 billion in six-month bills and 117.22 billion in one-year notes, using a Dutch auction system. Payment will be due the day after the auction. Nigeria issues treasury bills to fund its budget deficit, manage banking system liquidity and curb rising inflation. http://newstop.com.ng/fg-raise-242-billion-naira-treasury-bills/ |
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