LAGOS, Aug 7 (Reuters) - Nigeria central bank sold a total
of 114.6 billion naira ($375 mln) worth of open-market bills at
an auction on Wednesday, more than it offered to sell as
investors submitted bids of nearly five times for the amount on
offer, traders said.
The bank sold the one-year paper at 12%, down from 12.25% at
the last auction in July. It offered to sell 70 billion naira of
the one-year maturity, got subscription for 364.40 billion naira
and sold 96.85 billion naira.
($1 = 305.90 naira)