Industry News

Nigeria 3-yr bond yield, naira up on liquidity shortage

August 9, 2012 Comments Off on Nigeria 3-yr bond yield, naira up on liquidity shortage

August 9, 2012, 2:30 pm

By Chijioke Ohuocha and Oludare Mayowa
LAGOS (Reuters) – Nigeria’s naira currency and the yield on its most liquid 3-year bond both surged on Wednesday, after state-owned energy firm NNPC sold $450 million to some lenders amid a central bank squeeze on liquidity.

Powered by WPeMatico

Comments are closed.