Yields on the Nigerian one-year Treasury bills cooled at an auction Wednesday as investor appetite rose on the back of improved liquidity.
Total subscription at the auction increased by 63 percent to N1.36 trillion from N830 billion at the previous auction.
The increased appetite for the one-year bill led to a decline in yields to 24.42 percent from 24.90 percent, marking a reversal from an increase at the last two auctions when liquidity was thin.
Market analysts point to recent inflows from maturing securities and FAAC allocations as
