In the ever-watchful world of the Nigerian Primary Market Auction, July 23^rd came with its own rhythm. Banks, institutions, and individuals arrived to buy treasury bills.

The world is no stranger to the demands and cautions, but it seems the rhythm changed this time.

The 91-day bill stood on its own; just a little lip service was paid to it, a few glances here and there, but no big demand on the table. It seems their eyes were elsewhere, looking for a better return on their investment.

They also gave the 182-day paper a few nods, a brief chat, and minor attention, but nothing substantial to get noticed.

As soon as they stopped by the 364-day table, the energy shifted. Buyers swarmed it, eyes were locked in, offers scribbled, and demand surged to 5 times the offer volume. What caused the rush? Perhaps it was the quiet whisper in the market, rumours of falling interest rates, and a more favourable outlook. If true, getting it Now is worth the investment…

The CBN remained silent, watching, standing tall, keeping the rates steady, like a god watching, while we whisper secrets about the future.

The whispers says, better to invest in the long term, possible interest rates, and better inflation numbers. And through it all, the Naira quietly nods, aware of the currents and quiet turning tides.