Offshore investors flock to bonds ahead of DMO auction

•CBN pumps $61m to defend naira By Chinwendu Obienyi Foreign Portfolio Investors (FPIs) ramped up their interest in Nigeria’s fixed income instruments last week, ahead of Monday’s federal government’s (FGN) bond auction, as bullish sentiment gripped the local bond and foreign exchange markets. The Central Bank of Nigeria (CBN) also intervened with $61 million in [...]The post Offshore investors flock to bonds ahead of DMO auction appeared first on The Sun Nigeria.

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