Nigerian Treasury Bills Auction: Strong Investor Appetite Reflects Demand for Safe Haven as Oversubscription rate Hits 384.17%

The latest auction of Nigerian Treasury Bills (NTBs), conducted by the Central Bank of Nigeria (CBN) on September 4, 2024, showed the robust demand for government-backed securities in an economy facing ongoing macroeconomic challenges. The auction attracted an overwhelming response from investors, with total subscriptions reaching over N1 trillion, a clear indication of the market’s [...]The post Nigerian Treasury Bills Auction: Strong Investor Appetite Reflects Demand for Safe Haven as Oversubscription rate Hits 384.17% appeared first on Tekedia.

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