Nigeria to sell 917.14 bln naira of bills from Sept 14 to Nov 30

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LAGOS, Sept 13 – Nigeria plans to sell 917.14 billion naira 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 209.85 billion naira in 91-day bills, 197.89 billion in 182-day and 509.39 billion in 364-day debt.

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

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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