Treasury Bills Rising in Nigeria
What is happening with treasury bills in Nigeria? If that thing continues to rise, I fear for the Nigerian Stock Exchange. Largely, most investors will dump stocks and go all the way with TB. As I write, it is hovering around 9% for a year which is a huge one.
According to the primary market auction result, Nigerian Treasury Bills Yield held the 91-day and 182-day constant at 2.00% and 3.50% respectively.
The 364-days Bill increased by 100 base point to 9.00% from its previous 8.00% interest. This increase is supposed to have a substantial impact on the Nigerian Stock exchange market.
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