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Wednesday, 29 July 2015

Nigeria to raise ₦195bn in Treasury bills

Federal Govt. plans to sell₦195.17Billion ($981 million) worth of 3-month, 6-month and 1-year Treasury bills on August 5, the central bank of Nigeria (CBN) said on Wednesday.
The bank said in a statement it would sell₦45.17 billion worth of the 3-month paper,₦30 billion of the 6-month bill and₦120 billion in the 1-year debt next week, using the Dutch auction System.

The results of auction will be published the following day.

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