The naira stayed flat at all exchange windows as it exchanged for NGN415.07/USD, NGN411.64/USD, and NGN555.05/USD at the I & E, interbank, and parallel markets respectively.
The overnight lending rate contracted by 42 bps from its Friday position of 15.25% to close at 15.3%. This was caused by the absence of any significant funding pressures on the system.
The NTB secondary market traded quietly as the average yield was unchanged at 4.9%.
Across the benchmark trade curve, the average yield was flat in the short and mid-segments but expanded slightly at the long (+1bp) end as investors sold off the 269DTM (+12bps) bill.
Significantly, mixed sentiments were recorded in the OMO segment as the average yield closed flat at 5.5%.
Trading at the Nigerian Treasury bond secondary market ended the day mixed, with a slightly bullish focus, as the average yield moved up by 1bp to 11.3%.
Across the benchmark trade curve, the average yield remained unchanged in the long period while it declined in the short (-1bp) and mid (-2bps) segments following investors’ demand for the JAN-2026 (-4bps) and JUL-2030 (-5bps) bonds respectively.
|Currencies||Buy Rate||Sell Rates|
|USD - NGN||414.30||415.30|
|EUR - NGN||469.86||470.99|
|GBP - NGN||564.86||566.22|