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DMO rejects 74% of NTB bids, raises one-year rate to 15.90% for first time since August

DMO rejects 74% of NTB bids, raises one-year rate to 15.90% for first time since August
Photo: Nairametrics · view original

The Debt Management Office (DMO) rejected approximately 74% of N1.032 trillion total subscriptions, accepting only N269.06 billion - about 26.07% of the bids received at the October 14 auctions of Nigerian Treasury Bills (NTBs). The post DMO rejects 74% of NTB bids, raises one-year rate to 15.90%...

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