Nigeria to Raise ₦144b T-bills

Nigeria plans to raise 143.85 billion naira ($722.86 million) worth of Treasury bills with maturities ranging between three months and a year on June 1, the central bank said on Tuesday.

The bank will issue 45.85 billion naira of 3-month debt, 18 billion in the 6-month paper and 80 billion of 1-year bills in a Dutch auction.

"Each bid must be in multiple of 1,000 naira subject to a minimum of 10,000 naira," the bank said in a public notice. Allotment letters are to be issued to successful bids on June 2.