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Nigeria saves N18.3bn from T-bills interest payment as lower yields crash debt cost

…but analysts say not sustainable

Nigeria is riding on the gains of a repressed yield to bring down the cost of servicing domestic debt, but analysts say the move is unsustainable. Thanks to an unsustainable low-interest-rate environment, the Federal Government saved as much as N18.3 billion that should have been spent paying investors for money it collected from issuing its…

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