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NIGERIA PLANS TO RAISE N242bn IN TREASURY BILLS

Nigeria plans to raise around N242 billion ($772 million) in short-dated treasury bills at an auction on Feb. 1, the central bank said on Tuesday. The bank said it would raise N45.17 billion in three-month debt, 80 billion in six-month bills and 117.22 billion in one-year notes, using a Dutch auction system. Payment will be…

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Cash Management Tools

What Cash Management Tools Are Available?

There are a number of short-term cash management instruments available to the individual establishing a sound cash management program. These alternatives include money market mutual funds, Treasury bills, and certificates of deposit. 280 more words