Segun Atanda/
Nigeria’s Treasury Bills (NTBs) auction witnessed a massive investor rush, with total subscriptions soaring to ₦3.22 trillion, overshooting the ₦670 billion offer by the Debt Management Office (DMO) by nearly 4.8 times.
Despite strong demand, short-term rates remained unchanged, with the 91-day and 182-day papers holding steady at 18.00% and 18.50%, respectively. However, the 364-day bill saw a significant drop of 148 basis points, settling at 20.32%.
The auction results reflect continued investor appetite for high-yielding Nigerian debt instruments, even as expectations shift amid evolving market conditions.
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