Nigeria plans to raise $5.9 bln via T-bills in Q2

LAGOS (Reuters) - Nigeria plans to raise 972.51 billion Nigerian naira via Treasury bills ranging between 3-month and 1-year maturities in the second quarter of the year, the central bank said on Tuesday. Nigeria's central bank holds treasury bill auctions twice a month on behalf of the Debt Management Office (DMO) to raise funds via short-tenor paper to finance the government's budget deficit. In March, the central bank plans to raise 221.91 billion naira in 91-day, 182-day and 1-year treasury bills, while in April, the regulator will auction 334.25 billion naira worth of treasury bills of the same maturities. The central bank will issue 278.38 billion naira worth of the debt note in May and 137.97 billion naira worth of the 3-month, 9-month and 1-year worth of the bills in the first week of June.