Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

Yield on Nigerian T-Bill Rises to 8.2% Ahead of Auction Benchmark yield on Nigerian Treasury bills rose to 8.2% ahead of the Central Bank of Nigeria (CBN) primary market auction which the Debt Management Office is expected to conduct by midweek. Though trading activities ended on a bearish note, last week, the market opened with strong buying momentum. At the close of the trading sessions last week, the fixed income market registered a higher liquidity level which analysts believe would drive buying momentum in the new week. Meanwhile, the apex bank, as part of liquidity management efforts, would roll over…

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