Nigerian Treasury Bills Hit By FPI Selloffs, Yield Nears 20%

The average yield on Nigerian Treasury bills (NGX) dipped by four basis points at the start of the week, reflecting mixed sentiment in the secondary market following the imposition of a 14% U.S. tariff on Nigerian exports. Foreign portfolio investors (FPIs) were the main drivers of the selloff in the secondary market, amid rising demand … Continue reading Nigerian Treasury Bills Hit By FPI Selloffs, Yield Nears 20%