Nigeria: Stop rate for one-year T-Bills drops further

About 307 billion naira worth of notes were sold at Wednesday's treasury bills auction, compared to the 157 billion naira offered. Meanwhile, the auction results show a further reduction in the stop rates of the one-year treasury bills to 6.8 per cent. Also, strong second-quarter data shows renewed pace of economic growth for Nigeria, so what does this mean for the markets going forward? Egie Akpata, Director at UCML Capital joins CNBC Africa for more.
Thu, 26 Aug 2021 11:46:21 GMT
Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.