Nigeria sets to sell N917.14 billion of bills

Godwin Emefiele CBN Governor

Godwin Emefiele, CBN Governor

Godwin Emefiele, CBN Governor

Nigeria plans to sell N917.14 billion worth of treasury bills between Sept. 14 and Nov. 30, a central bank debt calendar for the fourth quarter showed on Wednesday.

The bank aims to auction N209.85 billion in 91-day bills, 197.89 billion in 182-day and 509.39 billion in 364-day debt.

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The central bank sells treasury bills twice a month to help fund the government’s budget deficit and support commercial banks in managing liquidity, Reuters reports.