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Update1: Nigeria T-Bills crash to single-digit rates for first time in 3 years on CBN OMO ban

Rates on Nigerian Treasury Bills (T-Bills) have crashed to the lowest level in 3 years as big domestic investors who majorly pension fund managers and insurance companies piled into the country’s T-Bills auction conducted Wednesday following CBN’s OMO ban on domestic non-bank investors. The primary market auction rates on the 91-day and 182-day bills compressed…

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