August 19, 2019 / 12:12 PM / a month ago

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. (Reporting by Chijioke Ohuocha; ; editing by John Stonestreet)

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