The Central Bank of Nigeria,CBN, sold a total sum of NGN197.6bn of 174-day and 321-day bills at discount rates of 18.00% and 18.60% respectively.
Short-term yields inched up by an average of 60bp on the day following the OMO auction announcement by the apex bank.
The sell-off on short-dated maturities was also attributable to profit-taking following the significant rally earlier in the week.
Similarly, FGN bond yields inched higher by 6bp due to profit-taking following panic-buying on Thursday.
Meanwhile, the fixed income market saw yields tick higher across the curve on Friday following the significant rally the day before.