Nigeria loses N138b to public holidays

Nigeria loses N138b to public holidays

The three-day public holiday declared by the Federal Government in an economy inching closer to recession, will cost the country N138 billion by the time activities resume today. Reason: There were scheduled treasury bills auction estimated at N94 billion, as well as N44 billion treasury bills maturity for the week, which the unusual straight three-day have put off.

The monetary policy measures were expected put liquidity into the system in the week, with the auction component helping to taper its effect on money market rates. Read more

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