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  • Business - Market Data
  • Updated: December 09, 2021

December 8, 2021 FX, Money Market, Fixed Income Summary Report

The naira was unchanged at NGN415.07/USD at the I&E window, NGN411.02/USD at the interbank, and NGN561/USD in the parallel market.

The overnight lending rate stayed unchanged at 16.3% in the absence of any significant funding pressures on the system.

The NTB secondary market was quiet as the market participants anticipated today’s primary market auction (PMA) result.

As a result, the average yield remained flat at 4.5% across the curve, remaining flat at the short and mid-segments but expanding at the long (+1bp) end as investors sold off the 323 DTM bill.

Elsewhere, the average yield expanded by 6bps to 5.5% in the OMO segment.

Trading in the treasury bond secondary market remained slightly bullish, as the average yield expanded slightly by 1bp to 11.4%.

Across the benchmark curve, the average yield contracted at the short and long ends due to demand for the JAN-2026 (-35BPS) and APRIL-2037 (-16BPS) bonds, respectively, but expanded at the mid-segment due to investor selling of the JUL-2030 bonds.

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Okojie Kelvin Echiejile
Okojie Kelvin Echiejile

I am an astute, dedicated, devoted, and intelligent investigator of economic, and financial news and...

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BDC EXCHANGE RATE

Currencies Buy Rate Sell Rates
USD - NGN 560.00 570.00
EUR - NGN 645.00 655.00
GBP - NGN 760.00 770.00
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