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Nigeria Auctions N700 Billion Treasury Bills After Inflation Data Overhaul

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Ronald Adamolekun

Ronald Adamolekun is a financial journalist with an expansive experience covering markets, energy, banking, tech and the political economy.
  • Treasury yields dip below 22% as inflation data fuels market optimism
  • Analysts expect auction rates to drop amid strong investor demand

Abuja, Nigeria – Nigeria auctioned N700 billion in treasury bills on Wednesday, a day after unveiling the results of its first inflation data overhaul in a decade, which revealed a sharp decline in the annual inflation rate for January compared to the previous month.

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