Nigeria to Raise N450bn in T-bills Auction, DMO Plans N1.75tn Bond Sale

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Nigeria plans to raise about N450 billion in today's Treasury bills auction. The Debt Management Office will also raise N1.75 trillion at next week's bond auction.

The two fundraisings put the domestic debt market in focus as the government seeks to meet its borrowing needs.

T-bills auction

The Treasury bills sale is expected to raise about N450 billion. The auction is taking place today.

DMO bond sale next week

The Debt Management Office will follow with a bond auction next week, targeting N1.75 trillion.

Market discussion

Ibukun Omojufehinsi, Team Lead, Currency Trading at Access Bank, joined CNBC Africa for a market discussion on the auctions and broader market conditions.

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