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MarketNews
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Foreign portfolio investors (FPIs) took profit on Nigeria’s sovereign Eurobonds in the international capital market ahead of inflation data for December 2024. Trading session ended bearish with sovereign bonds from Sub-Saharan Africa and North Africa experiencing a sell-off.
The discount rate on Nigerian Treasury bills with a 364-day tenor was slashed by 28 basis points at the primary market auction conducted by the Central Bank of Nigeria (CBN) yesterday.