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T-Bill rates rise first time in 8 weeks as investors place N265bn in successful bids

Fixed-income investors seeking high-yielding securities in light of the prevailing developments in the markets were not disappointed, as attempts to buy the federal government short-term debt instruments at attractive rates were accepted. The 364-day bill saw an increase from 3.3 percent to 3.40 percent at the Nigerian Treasury Bills (T-Bills) auction conducted Wednesday by the…

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