Investors 18% bid for NTB show quest for higher rate after elections - Welcome To Boom Reporters

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Investors 18% bid for NTB show quest for higher rate after elections

Over ambitious investors are raising their bidding for the Nigerian Treasury Bills (NTB), at higher rates more than the rates the Central Bank could offer, all in anticipation for a higher rate after the general elections. Investors oversubscribed the short and long term instrument auctioned by the Federal Government through the Central Bank of Nigeria…

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