- February bond auction heavily oversubscribed
- Central Bank cuts policy rate hours later
ABUJA, NIGERIA – Nigeria’s February bond auction cleared at sharply lower rates as investors piled into government debt ahead of an anticipated interest rate cut.
Marginal rates across all maturities fell to just above 15%, down from around 17% at the January auction, reflecting growing market expectations that borrowing costs would ease.
This article is free to read.
Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.
Create your free account or sign in
