WED NOV 26 2025-theGBJournal| The Nigerian naira slid on Tuesday at the official FX market after the Central Bank of Nigeria (CBN) Monetary Policy Committee voted to hold interest rates at 27.0%.
The currency dipped by 0.4% to N1,445.00/US$1. Similarly, the parallel market rate shed 1.02% w/w to settle at N1,465.00/US$1.
Consequently, the premium between the two markets widened slightly to N8.28/US$1,from N7.57/US$1 in the prior week.
Meanwhile, the fixed income market tracked the naira’s fall as NTB secondary market traded on a bullish note with the average yield down 11bps to 16.9%.
Across the curve, the average yield contracted at the short (-1bp), mid (-4bps), and long (-22bps) segments, driven by the demand for the 72DTM (-1bp), 177DTM (-30bps) and 296DTM (-22bps) bills, respectively.
Likewise, the average yield contracted by 1bp to 21.5% in the OMO segment.
Elsewhere, the FGN bond secondary market traded in a lull, as the average yield remained unchanged at 15.4%.
Across the curve, the average yield expanded at the mid (+1bp) segment, following the selloff of the JUN-2033 (+7bps) bond but was unchanged at the short and long ends.
The overnight lending rate contracted by 208bps to 22.8%, following inflows from OMO maturities (N1.11 trillion).
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