CBN asks banks to back T-bills bid with demand

The Central Bank of Nigeria (CBN) has asked banks to back all Treasury Bills bids with customer demand, The Nation has learnt.

The directive is part of the bank’s plan to improve lending to domestic economy. In the past, banks have bought government debt rather than assume risk by lending.

 The CBN barred banks from buying bills for their own accounts at an open market auction held…

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