LAGOS, Feb 20 (Reuters) - The Nigerian short-term treasury bill yield fell 50 basis points on Tuesday as traders expect a drop in second quarter auction volumes after the government raised $2.5 billion from a Eurobond last week to payoff some maturities.
The government has been working to lower its borrowing costs, particularly as inflation fell for the 12th time in a row in January. It sold Eurobonds last week to payoff the bills rather than rolling over debt as it has done in the past.
(Reporting by Chijioke Ohuocha; Editing by Alison Williams)
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