• Business - Market Data
  • Updated: December 10, 2021

December 9, 2021 FX, Money Market, Fixed Income Summary Report

The naira stayed flat at all the exchange windows. It was exchanged for NGN411.74/USD at the CBN interbank market, NGN415.07/USD at the I & E window, and NGN560/USD at some selected parallel markets in Nigeria.

The overnight lending rate contracted by 200bps to 14.3% in the absence of any significant funding pressures on the system.

The NTB secondary market traded with slightly bullish sentiment as the average market yield declined by 3 basis points to 4.5%.

Across the benchmark curve, the average yield stayed flat at the short and mid-ends but contracted at the long segment following demand for the 322DTM bill.

In the open market operation segment, the average yield contracted by 3 basis points to 5.5%.

Trading in the treasury bond secondary market continued rather quietly as the average yield stayed unchanged at 11.4%.

Perhaps when taking a critical examination of the bond market, the 27.38TTM with an issue date of APRL-2049 yield curve expanded by 11bps to close at 12.97%.

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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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Central Bank of Nigeria EXCHANGE RATE

Currencies Buy Rate Sell Rates
USD - NGN 415.23 416.23
EUR - NGN 457.42 458.52
GBP - NGN 547.98 549.30
More Exchange Rate

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