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Nigerian dealers seek 1-year T-bills at 14% as naira weakens -traders

Published 19/08/2019, 13:09
© Reuters.  Nigerian dealers seek 1-year T-bills at 14% as naira weakens -traders

ABUJA, Aug 19 (Reuters) - Nigerian dealers raised their

secondary-market bids for one-year treasury bills to 14% from

11% last week, traders said on Monday.

The bid-offer spread on the paper doubled to 200 basis

points, traders said, adding that some investors had bid for

bills at 16% on Friday.

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