INVESTIGATIONS have revealed that most Deposit Money Banks are afraid of liquidity crisis, even as investors who were supposed to take a position on banking stocks are opting for the fixed income securities that offer guaranteed returns.
Tribune Online findings revealed that the high return on treasury bills especially the on-going 13.5 per cent coupon rate offer on government bond, against about four (4) per cent interest from commercial banks in Nigeria could be blamed for the development.
The Federal Government this week offered for subscription a two-year and three-year Savings Bonds to investors at 13.535 per cent and 14.535 per cent, respectively from August 7 to August 11, 2017.
Tribune, August 10, 2017
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