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Investors Flock to Nigerian T-Bills as Yields Soar Above 20%

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Nigeria's money market recorded a dramatic shift this week after the Central Bank's latest Treasury Bills Primary Market Auction delivered an unexpected spike in returns on the 364-day instrument, sending ripples across the investment community.

- BY NIYI JACOBS

Investors Flock to Nigerian T-Bills as Yields Soar Above 20%

President Bola Ahmed Tinubu swears in General Christopher Musa (rtd) as the Minister of Defence, at the State House. In attendance are Justice Kumai Bayang Akaahs (rtd), Senate Leader Opeyemi Bamidele, Chief of Defence Staff, General Olufemi Oluyede, Mrs Lillian Oghogho Musa, President Bola Tinubu, Minister of Defence Gen Christopher Musa (rtd), Senate President Godswill Akpabio, National Security Adviser, Mallam Nuhu Ribadu and Bishop of the Catholic Diocese of Sokoto, Matthew Hassan Kukah

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