Nigeria’s one-year treasury bill (T-bill) auction saw a record high subscription of N3.15 trillion on Wednesday as foreign investors and liquid local counterparts locked in high yields.
The yield on the one-year bill dropped to 25.49 percent from 27.87 percent at the auction but it did not stop investors from leveraging the relatively high yields.
Many foreign investors and international banks have regained confidence in Nigeria securities as the naira continues to stabilise, with the forex market becoming more transparent and efficient.
