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Nigeria raises N183 billion in short-dated treasury bills

Kemi Adeosun, Nigeria's Finance Minister

Kemi Adeosun, Nigeria’s Finance Minister

Nigeria sold N183.24 billion worth in treasury bills at an auction on Wednesday, with mixed yields on all the tenors, data from Debt Management Office showed on Thursday.

The debt office raised N48.10 billion of three-month paper at 14 percent, down from 14.38 percent at Aug. 31, auction, sold 48.45 billion worth of the 6-month paper at 17.77 percent, higher than 17.50 percent previously.

A total of 86.69 billion naira was sold in the 1-year debt at 18.48 percent against 18.42 percent at the last auction.

-Reuters

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