LAGOS Jan 16 Nigeria plans to sell 164.88
billion naira ($1.05 billion) worth of treasury bills with
maturities ranging from three months to one year on Jan 24, at
its twice-monthly auction, the central bank said on Wednesday.
The bank said it will auction 34.88 billion naira in 91-day
bills, 50 billion naira in 182-day notes and 80 billion naira in
364-day paper, using Dutch auction system.
Nigeria, Africa's top energy producer, issues treasury bills
regularly as part of monetary control measures to help lenders
manage their liquidity and control the money supply.
($1 = 157.15 naira)
(Reporting by Oludare Mayowa; Editing by Tim Cocks)