Inflation: T-bills 8% return fails to shield investors

Fixed-income investors seeking high-yielding securities were not disappointed in the first quarter of 2021 as the rates on the 364-day Federal Government short-term debt instruments rose to 8 percent from 1.5 percent at the beginning of the quarter. But with Nigeria’s 17.33 inflation rate in February, the real return on the 364-day government less risky…