Central Bank of Nigeria Cuts T-Bill Rate Amid Strong Investor Demand

CBN cuts T-bill rate amid N3.63tn demand

Investors are increasingly positioning for longer-term returns in Nigeria’s fixed-income market, with the latest treasury bills auction showing an overwhelming preference for the one-year government security. At the Central Bank of Nigeria’s (CBN) primary market auction on Wednesday, investors submitted N3.63tn for the 364-day T-bill, representing 95.9 per cent of the N3.79tn total bids received Read More: https://punchng.com/cbn-cuts-t-bill-rate-amid-n3-63tn-demand/

By Punch Newspapers