Nigerian dealers seek 1-year T-bills at 14% as naira weakens -traders

A trader changes dollars with naira at a currency exchange store in Lagos, Nigeria in this February 12, 2015 file photo. Nigeria’s central bank is expected to make an interest rate decision this week. REUTERS/Joe Penney/File

ABUJA, Aug 19 – Nigerian dealers raised their secondary-market bids for one-year treasury bills to 14% from 11% last week, traders said on Monday.

The bid-offer spread on the paper doubled to 200 basis points, traders said, adding that some investors had bid for bills at 16% on Friday

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