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Nigeria treasury bill yields rising as liquidity crunch pressures CBN auction

Lagos, Nigeria. © Unsplash
  • Analysts say higher stop rates are needed to draw bids at Wednesday’s N230 billion sale
  • Subscription has dropped more than 70% since June as government borrowing appetite weakens

 

LAGOS, NIGERIA – Yields on Nigerian treasury bills are expected to climb as the Central Bank of Nigeria struggles with a liquidity shortfall that threatens demand at Wednesday’s auction, analysts said.

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