Nigeria to sell 195.96 bln naira in treasury bills next week – Reuters

LAGOS Jan 10 (Reuters) – Nigeria plans to sell 195.96 billion naira ($644.08 million) in short-dated treasury bills at an auction on Jan. 19, the central bank said on Tuesday.

The bank said it would sell 36.78 billion naira in three-month debt, 39.17 billion naira in six-month bills and 120 billion naira in one-year notes, using a Dutch auction system. Payment will be due the day after the auction. 

Nigeria issues treasury bills to fund its budget deficit, manage banking system liquidity and curb rising inflation. ($1 = 304.2500 naira) (Reporting by Chijioke Ohuocha, editing by Larry King)