Yields on Nigerian Treasury bills are expected to decline in Wednesday's primary auction as improved liquidity conditions ease pressure on short-term borrowing costs.
Market analysts point to recent inflows from maturing securities and FAAC allocations as drivers of liquidity.
“FAAC allocation came in yesterday, creating liquidity in the market, Also, the CBN has a higher maturity of N1.18 trillion to be paid on Thursday compared to the amount offered,” Gbolahan Ologunro , a portfolio manager at FBNQuest said.
“The demand pressure on t
