DMO snubs N763bn bids as T-bill rate climbs

File photo: The National Assembly complex in Abuja.
File photo: The National Assembly complex in Abuja. Photo: Kabusa16 / CC BY-SA 4.0, via Wikimedia Commons

The Debt Management Office rejected N763bn in bids at a recent Treasury bills auction, accepting only N269.06bn as the one-year borrowing rate increased.

The Debt Management Office rejected N763bn in bids at a recent Treasury bills auction, accepting only N269.06bn as the one-year borrowing rate increased.

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