BEVERLY HILLS, September 08, (THEWILL) – Nigeria will raise about N952 billion naira ($3bn) through the sale of new Treasury bills from Sept. 15 to Dec. 1, the Central Bank of Nigeria (CBN) said Wednesday in its latest issuance calendar.
The apex bank said it would sell N264.47 billion worth of three-month bills, N204.88 billion of six-month bills and N482.69 billion of one-year bills.
Nigeria is expected to borrow around N900 billion from the local market to bridge its budget deficit, which is estimated at N2.2 trillion in this year’s budget.
