LAGOS, Aug 14 – Yields on Nigeria’s one-year treasury bill rose to 12% on Wednesday from around 10% on Friday after the central bank told dealers to bid higher rates at its auction, traders said.
Thank you for reading this post, don't forget to subscribe!Traders said the central bank asked them to increase their rates at a bills auction on Wednesday compared with rates the bank paid at the last sale in July.
The bank plans to sell 20 billion naira worth of the one-year bill. (Reporting by Chijioke Ohuocha Editing by Gareth Jones)
(Reuters)