Notably, the exercise involved no repay - ments, making it a pure liquidity absorption operation. resident of the African Development Despite the smaller size of the latest auc- Bank (AfDB), Sidi Ould Tah, has tion compared to the May 21 sale, demand P called on African nations to har- remained exceptionally robust, underscoring ness an estimated $4 trillion in domestic investors’ continued preference for high-yield government securities. savings to bridge the continent’s develop- During the earlier auction, the CBN ment financing gap and drive economic offered N700 billion across three maturi…