Naira defence to cost CBN N1.01 trillion in interest rates from Q1 NTB auctions

The Central Bank of Nigeria’s (CBN) aggressive stance on the naira defence is projected to lead to an enormous interest payout, with the CBN set to incur approximately N1.01 trillion. This figure emerged from the analysis of the Nigerian Treasury Bills (NTB) auction data for the first quarter of 2024, which showcases a robust subscription [...] Source from InfoStride News

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