Nigerian government spends N1 02 trillion on debt servicing in Q1 2021 nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.
The Nigerian Treasury bill (NTB) rate closed flat on Tuesday as liquidity in the financial system improves further amidst prediction that upward yields repricing will slowdown in June. In general, fixed income market traded quiet, railing the trend of Monday, said analysts at Chapel Hill Denham despite improvement
Nigerian Treasury bill (T-Bills) curve jumps 27 basis points on Thursday to close at 5.78% as investors displayed a huge appetite for 364-day tenor at the Central Bank (CBN) auction yesterday, Chapel Hill Denham said in a note. At the T-bills auction that was held yesterday, the CBN auctioned N24.2 billion (91-day),
Amidst renewed interest on long-dated instruments, the interest rate on government bonds slides 4 basis points on Friday while the Treasury bill closed flat. Analysts said the improved trend of financial system liquidity seen earlier this week upturned as the deficit increased from N74.10 billion on Thursday to N448.50
Nigeria’s central bank decision to unified foreign exchange (FX) rates is expected to unlock a $1.5 billion loan from the International Monetary Fund (IMF) which required the convergence of the monetary policy authority’s multi-tiered exchange rates as a pre-condition for disbursement. Move to unified rates comes