Nigeria plans to raise 150.6 bln naira in Treasury bills – Reuters

CBN

LAGOS, April 26 (Reuters) – Nigeria plans to raise 150.60 billion naira ($760.61 million) from sales of Treasury bills with maturities ranging from three months to a year on May 8, the central bank said on Tuesday.

The bank said it will raise 45.17 billion naira in 3-month bills, 23.43 billion in the 6-month paper and 82 billion in one-year debt.

Yields rose significantly across the board at the April 20 auction, reflecting rising inflation, which rose to 12.8 percent in March, from 11.4 percent the previous month.