Nigeria, April 1 -- Dated-term auction results show that subscriptions reached about N931.5 billion against a N750 billion offer, indicating consistent investor demand.

But the government sanctioned only N485.5 billion, a move analysts say reflects efforts to control rising debt costs despite considerable market liquidity.



Higher yields on longer-term instruments offset the prior downward trend seen in recent months. While the 2032 and 2030 bonds also cleared at high levels, the 2033 bond showed the biggest rise.

This implies that investors are seeking higher returns amid inflation concerns and broader budget risks.



The News Chronicle gathered that most of the demand was for longer-dated bonds, which shows that investors prefer...