Strong demand for 1-year T-bills as rates hold across tenors

Strong demand for longer-dated Nigerian Treasury bills dominated the Central Bank of Nigeria’s (CBN) primary market auction on Wednesday, even as yields on the one-year paper remained unchanged at 19.33 percent. The 364-day bill drew N2.12 trillion in subscriptions against an offer of N550 billion. CBN allotted N753.45 billion, reinforcing the strong preference for longer-dated […]

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