Fixed-income investors have been told to rethink strategies amid growing projections over a possible interest rate cut by the Monetary Policy Committee (MPC).
This year, the rates on the one-year Nigeria’s treasury bill (T-bill) has been on a steady decline at the last three auctions to 25.2 percent from 29.2 percent earlier.
The T-bill’s rate opened the year at 8.4 percent and closed 2024 at 22.9 percent for the 364-day bill.