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  • Business - Market Data
  • Updated: December 01, 2021

Tuesday's FX, Money Market, Fixed Income Summary Reports

Despite the Omicron Coronavirus scare, 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.

However, the overnight lending rate rose by 250 basis points to 17.8% on Tuesday, up from 15.25% on Monday. This was caused by a huge inflow of funding pressure on the system from matured OMO maturities.

The NTB secondary market traded quite bullishly as the average yield contracted by 6 basis points to 4.8%.

Bonds in the secondary market average yield were slightly bullish across the benchmark trade curve, with a 1bp move moving the yield to 3.41% for JAN-2022, while it was slightly bearish for APR-2023 and MAR-2024, with yields declining by 1bp to 8.22% and 9.32%, respectively.

Elsewhere, the average yield in the OMO segment remained flat at 5.5%.

Finally, the NTB secondary market remained flat at the short and mid-segment yields, while yields fell by +1.14%, falling from 6.55% (NOV-29) to 5.42%.

 

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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
GBP - NGN 547.98 549.30
USD - NGN 415.23 416.23
EUR - NGN 457.42 458.52
More Exchange Rate

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