Investors lose N1.4trn as high TB rates jolts stock market
Stock market investors lost N1.4 trillion on the Exchange last week following sell off in some shares triggered by increase in interest rates Treasury bills, TBs, by the Central Bank of Nigeria. At the TB auction held last week, the CBN raised the stop rate for the 91-, 182-, and 364-day TBs to 17.24%, 18.00%,…