In Nigeria, weary investors, savers subsidise inefficient government – Businessday NG

Share on facebook
Share on twitter
Share on whatsapp
Share on linkedin
Share on telegram
Share on pinterest

Something uncommon happened last Thursday. At least that is how anyone who has not been following Nigeria’s financial markets recently would interpret it. Investors fell over one another to lend to the government at a rate that was materially lower than inflation, which essentially means paying the government to borrow money from them. The stop…



Join the BusinessDay Inner Circle to read exclusives and gain insights for N1000/month

Get real time updates directly on you device, subscribe now.

Read the original article HERE

Related Articles

Leave a Reply