Nigeria bond yields fall, naira eases on black market on rate cut

by | November 27, 2015 12:18 am

Yields on Nigeria’s bonds fell below 10 percent across maturities as trading started on Wednesday, traders said, a day after the central bank announced a surprise interest rate cut aimed to stimulate lending in Africa’s biggest economy. Nigeria’s central bank cut benchmark interest rate to 11 percent from 13 percent on Tuesday, its first reduction…

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