Nigeria’s inflation leaves T-Bills investors with little to cheer

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T-Bills

Despite a 13-month high uptick in the yields on Federal Government risk-free instruments, fixed-income investors are earning negative returns in real terms, thanks to Nigeria’s inflation rate that accelerated to a 48-month high in February. With an inflation rate of 17.33 percent, the real return for the 7 percent interest rate on the 364-day Federal…

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