Nigeria Plans 117 Billion Naira Treasury Consignment Public Sale On Nov 29

The central financial institution plans to offer 26.14 billion Naira in three month paper, eleven billion Naira in six-month consignment and 80.03 billion Naira in one-year note. Results of the auction will be announced subsequent day.

The bank problems treasury bills twice a month to assist the authorities to finance its budget deficit, curb money furnish boom and provide an avenue for lenders to control liquidity.

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