The Naira stayed flat in all the exchange windows as it exchanged for NGN416.33/USD, NGN415.64/USD, and NGN573/USD in the I & E window, CBN interbank market, and the parallel market, respectively.
All the major economic indicators stayed the same as the MPR/Lending Rate, the inflation rate, and the gross external reserve stayed at 11.50%, 15.63%, and USD40.49 billion, respectively.
In the money market, the overnight lending rate stayed unchanged as it closed at 1.85% following the absence of any significant funding pressure.
The average yield of the NTB secondary market stayed flat at 4.4%.
The average yield in the treasury bond market contracted by -51bps and -83bps in the short and mid segments following investors' demand for the 91-day TM and the 183-day TM at a rate of 4.04% and 4.83%, respectively. Similarly, the average yield expanded by 25bps to 5.8% in the OMO segment.
Finally, in the bond market, the average yield contracted at the short end by-10.9bps, and the long segment by-3bps, following investors' demand for the MAR, 2025 bond by-73bps, the MAR, 2027, by-16bps, and the MAR, 2050 bond by-163bps, respectively.
|Currencies||Buy Rate||Sell Rates|
|GBP - NGN||547.98||549.30|
|USD - NGN||415.23||416.23|
|EUR - NGN||457.42||458.52|