Central Bank of Nigeria to auction N117bn treasury bills Nov 30

Nigeria plans to sell N117.17 billion worth of treasury bills at an auction on Thursday, Nov. 30, according to the Central Bank of Nigeria’s Treasury Bills Issuance Calendar, seen by Businessamlive.

Specifically, the CBN would offer N26.14 billion in three-month paper, N11 billion in six-month bill and N80.03 billion in one-year note.

The results of the auction are expected to be announced a day later.

With this latest auction, the CBN would have offered N917.144 billion this quarter

The bank issues treasury bills twice a month to help the government to finance its budget deficit, curb money supply growth and provide an avenue for lenders to manage liquidity. However, the Nov. 30 auction will be the third this month.