The naira depreciated by 0.2% to N415.07/USD at the I & E window while it remained flat at the interbank market to trade at N411.59.
The overnight lending rate by the nations’ banking system contracted by 300 basis point to 17.0% in the absence of any significance funding pressures on the system.
The NTB secondary market was quiet, as the average yield was flat at 5.1%.
Similarly, the average yield was flat at 5.5% in the OMO segment.
Trading in the treasury bond secondary market was also quiet as the average yield was flat at 11.2%.
Across the benchmark curve, the average yield contracted slightly at the short (-1bp) end following demand for the MAR-2024 (-1bp) bond; the mid and long segments closed flat.
However, the JUL 2034 AND MAR 2035 fell by (-3bps) each with the MAR-2036 gaining (+0.7bp).
Treasury bills maintained the same auction rate for all categories.
|Currencies||Buy Rate||Sell Rates|
|USD - NGN||415.23||416.23|
|EUR - NGN||457.42||458.52|
|GBP - NGN||547.98||549.30|