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- Nigerian Treasury Bills Yield Jumps 27bps on Sell Pressure
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Financial Market
The Debt Management Office (DMO) hikes rates on Federal Government of Nigeria (FGN) bonds
The average yield on Nigerian Treasury bills (NTB) climbed by 68 basis points as deposit money banks, and other authorised dealers in the fixed income market reduced their holdings amidst spot rates adjustment expectations.
Investors reacted negatively, trimmed their Nigerian treasury bills (NTB) holdings in the secondary market following successive spot rates cut at the Central Bank of Nigeria’s (CBN) primary market auction last week.
To promote trade and foster economic growth in Africa, the International Finance Corp. (IFC) announced trade finance
Investors Get 21.50% Interest Rate on OMO Bills The spot rate on one year open…
Yield on Nigerian TBills Slides to 16.05% -MarketNews The average yield on Nigerian Treasury bills…
In the hot midday trading session, the Nigerian local currency, the Naira, spirals downward