Investors flood CBN’s auction with N2.89trn one-year T-Bills demand

Investors subscribed N2.89 trillion for one-year Treasury bills at the March 18 auction, exceeding the N800 billion offer by more than three times. The strong demand underscores sustained investor interest in securing higher yields on longer-dated instruments. Ayodeji Ebo, managing director of Optimus by Afrinvest, said investor demand remained concentrated on the 364-day bill, as […]