US EditionNigerian Treasury Bills See Yield Drop As Demand Surges In Secondary Market » News.ng
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Nigerian Treasury Bills See Yield Drop As Demand Surges In Secondary Market » News.ng
Yields on Nigerian Treasury bills declined by 19 basis points in the secondary market on Thursday, following a significant shift in investor behavior after the Central Bank of Nigeria (CBN) declined to accept several bids at its recent auction. During Wednesday’s auction, the CBN floated ₦400 billion worth of Treasury bills. However, investor appetite far outpaced supply, with total subscriptions reaching ₦1.54 trillion—an indication of heighten…
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