Yield Hunters and Tax Dodgers Drive Naira Rates Spread Wider
Investors seeking to lock in high yields on Nigerian debt ahead of an expected interest-rate cut by the central bank are fueling gains in the naira, which is at its...
By Emele Onu · Bloomberg Markets
Investors seeking to lock in high yields on Nigerian debt ahead of an expected interest-rate cut by the central bank are fueling gains in the naira, which is at its strongest weekly level against the dollar since November 2024 in the official currency market.