Nigeria, May 15 -- The auctions, conducted between May 4 and May 12, recorded strong demand from investors seeking attractive returns on government securities.



Although the apex bank initially offered N1.8 trillion across different maturities, subscriptions far exceeded expectations as financial institutions and investors poured funds into the high yielding instruments.





The News Chronicle reports that the biggest attention came from the 126 day OMO bill auctioned on May 12. Despite a N200 billion offer, the instrument ended with an allotment of about N1.45 trillion, highlighting growing appetite for longer term securities amid prevailing interest rates.



Short term bills also attracted heavy subscriptions, though the CBN ap...