Investors Pour N3.63tn Into One-Year Nigerian Treasury Bills as Rate Falls to 17.15%

Investors submitted N3.63 trillion in bids for one-year Nigerian Treasury bills at the latest auction, compared with N500 billion offered. The 364-day instrument accounted for nearly 96 percent of total bids, while its stop rate declined to 17.15 percent amid stronger demand for longer-dated government securities.