Treasury Bills Market
The Treasury Bills Market witnessed very low trading activity today. Dealers said activities were mainly on the 52 day maturity with yields closing at 14.25%.
Currently, yields (offer) in the secondary market are;
• 91days - 14.00%
• 182 days – 14.60%
• 364 days – 14.75%
The naira depreciated by 5 kobo to close at N157.45 to a dollar from the N157.40 to a dollar where it closed last week. The $33 million dollars sold in the Interbank Market by Chevron today did not help in strengthening the naira as dealers confirmed dollar demand from customers.

The Central Bank of Nigeria offered and sold $150 million today in its twice weekly (Mondays and Wednesdays) Wholesale Dutch Auction System (WDAS). The naira appreciated by 10kobo at the official window to close at N157.26 to a dollar. At the auction last Wednesday, the naira closed at 157.36.

Read More: http://myfinancialintelligence.com/index.php/2011-09-27-04-13-15/world/16606-daily-market-update-april-16-2012