Investors expect lower returns ahead T-bills auction

Investors expect lower returns ahead today’s T-bill auction

At 7.35 percent, the return on the one-year treasury bill leaves investors with a negative real return of -9.28 percent.

Investors are expecting lower returns during a Treasury Bills Primary Market Auction (PMA) today even when they would have wished for better returns to compensate for high inflation. Nigeria will auction N140 billion worth of one-year Treasury bills, N6 billion worth of 182-day bills and N3.17 bi

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