The Money Market
Liquidity in the Interbank Money Market further improved today to about N154 Billion in free cash position from about N103 Billion the previous day. Dealers attributed the increased market liquidity to Dealing Houses Repurchase transaction with the Central Bank of Nigeria.
Interest rates moved down slightly with overnight rates at 13.20% from yesterday’s 13.42%..
The Central Bank’s settlement platform - RTGS was restored today after yesterday’s downtime.
Treasury Bills Market
The Treasury Bills Market witnessed drop in yield across all maturities as expected due to the CBN’s Primary Auction today. The short tenured bills dropped by an average of 0.25% while the medium and long tenured bills dropped by an average 0.10%

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