Industry News

Nigeria yields fall, foreign demand pushes naira up

August 24, 2012 Comments Off on Nigeria yields fall, foreign demand pushes naira up

August 24, 2012, 2:40 pm

LAGOS (Reuters) – Nigeria sold 20 billion less than planned at a bi-monthly sale of treasury bills on Thursday but the yields on its 3-month bills fell, with dealers citing large purchases by foreign players.
The central bank sold just 50.65 billion naira in 3- and 6…

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