FRI NOV 28 2025-theGBJournal| The NTB secondary market traded on a bearish note on Thursday, as the average yield expanded by 122bp to 16.9%.
Across the curve, the average yield expanded at the short (+27bps), mid (+92bps) and long (+206bps) segments, due to profit-taking activities on the 84DTM (+54bps), 189DTM (+136bps) and 357DTM (+307bps) bills, respectively.
Similarly, the average yield expanded by 42bps to 21.9% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a calm note, albeit with bearish sentiments, as the average yield expanded by 1bps to 15.4%.
Across the curve, the average yield expanded at the long (+3bps) end, due to sell pressures on the JAN-2042 (+18bps) bond, but remained unchanged at the short and mid segments.
The official FX rate depreciated by 1.4% to NGN1,445.00/USD.
The overnight lending rate contracted by 4bps to 22.7%, in the absence of system liquidity pressures.
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