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  • Business - Market Data
  • Updated: 1 month ago

Summary Fx, Money Market, Fixed Income Report

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.

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Central Bank of Nigeria EXCHANGE RATE

Currencies Buy Rate Sell Rates
USD - NGN 414.30 415.30
EUR - NGN 469.86 470.99
GBP - NGN 564.86 566.22
More Exchange Rate

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