March 13 (Lagos) - Presenting the results of today's Nigerian Treasury Bills Primary Market Auction which witnessed bullish sentiment and yields continue to decline.
This could be good news for the economy as the government is borrowing at relatively lower rate.
A look at annual results of banks so far show that they are just investing in t-bills and not really doing any real banking to earn their profits. Unless these yields come down, banks will not lend, people will not take risk and money will not enter stock market. So this is good news coming from the t-bills space after a long time.