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CBN hikes rates to 17.59% despite overwhelming N4.4 trillion bid against N700 billion offer

The Central Bank of Nigeria (CBN) raised the stop rate on its benchmark 364-day Treasury Bill to 17.59% at Wednesday’s auction, defying expectations that overwhelming demand would

Kelechi MgbojiAugust 13, 20261 min read
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The Central Bank of Nigeria (CBN) raised the stop rate on its benchmark 364-day Treasury Bill to 17.59% at Wednesday’s auction, defying expectations that overwhelming demand would push borrowing costs lower.

The post CBN hikes rates to 17.59% despite overwhelming N4.4 trillion bid against N700 billion offer appeared first on Nairametrics.

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