Inflation-adjusted yields lure investors to long ​ maturity T-bills

Inflation-adjusted yields lure investors to long ​ maturity T-bills

Investors staked 166.3 billion on 364-day maturity bills yesterday, N40 billion naira more than Nigeria’s central bank offered as yields on the one-year bills, at 18.55 per cent, rose higher than inflation for the first time in over two months. Prior to the latest auction on Wednesday, the Central Bank of Nigeria (CBN) had been…

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