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.

Rate on 1year Treasury Bills Declines to 12.55% Spot rate on 1year Nigerian Treasury bills declined to 12.55% at the primary market auction conducted by the apex bank. According to the auction result, the Central Bank of Nigeria (CBN) crashed spot rates on Treasury bills despite a lower bid ratio at its midweek auction sales. MarketForces Africa reported apex bank would roll over maturing T-Bills totalling N214.74 billion as part of an effort to manage liquidity in the economy. Detail from the CBN auction result showed that stop rates for the 91-day fell to 4.50%, losing 69 basis points from…

Read More