TUE NOV 25 2025-theGBJournal| The Nigerian fixed income market traded narrowly mixed on Monday, as investors weighed the outcome from the Central Bank of Nigeria’s (CBN) policy committee meeting.
The NTB secondary market traded on a calm note, albeit with a bearish tilt, as the average yield expanded by 1bp to 17.0%.
Across the curve, the average yield contracted at the short (-5bps) and mid (-6bps) segments, driven by the demand for the 73DTM (-25bps) and 122DTM (-53bps) bills, respectively, while it expanded at the long (+10bps) end, due to profit-taking activities on the 346DTM (+57bps) bill.
Similarly, the average yield expanded by 6bps to 21.5% in the OMO segment.
Elsewhere, the FGN bond secondary market traded with bullish sentiments, as the average yield contracted by 3bps to 15.4%.
Across the curve, the average yield contracted at the short (-7bps) end, due to buying interest in the JAN-2033 (-48bps) bond, while it closed flat at the mid and long segments.
At the FX Market, the Nigerian currency traded marginally higher at the official FX market as demand pressure eased.
The rate rose by 1.2% to N1,440.00/US$ from N1,457.38/US$1, riding on Central Bank of Nigeria (CBN) US$250.00 million intervention to banks last week.
The overnight lending rate remained unchanged at 24.8%, despite inflows from FGN bond coupon (N39.07 billion).
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