Nigeria says to raise 98 bln naira in Treasury bills

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LAGOS plans to raise 97.81 billion naira ($492 million) in Treasury bills at an auction Wednesday, central said on Tuesday.

The bank said it will issue 14.03 billion naira in the 3-month debt note, 33.78 billion naira in the 6-month paper and 50 billion naira of the 1-year note. The are expected to be released on Thursday, the bank said in a statement.

($1 = 199.0000 naira) (Reporting by Oludare Mayowa; Editing by James Macharia)(Reuters)[pro_ad_display_adzone id=”10″]