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Emerging Markets

CBN hikes rates to 17.59% despite overwhelming N4.4 trillion bid against N700 billion offer

Nairametrics · 1h ago · 🇳🇬 Nigeria

CBN hikes rates to 17.59% despite overwhelming N4.4 trillion bid against N700 billion offer

The Central Bank of Nigeria (CBN) raised the stop rate on its benchmark 364-day Treasury Bill to 17.59% at Wednesday’s auction, defying expectations that overwhelming demand would push borrowing costs lower. The post CBN hikes rates to 17.59% despite overwhelming N4.4 trillion bid against N700 billion offer appeared first on Nairametrics .

Read the full story at Nairametrics →

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