Bills of 91-day and 182-day worth N32.436 billion and N30.000 billion respectively, matured via the primary market last week.
As a result of this, Nigerian Inter-bank Offered Rate, NIBOR slumped across most of the maturities amid renewed liquidity ease.
NIBOR for overnight funds, 3 months and 6 months fell w-o-w to 13.07 percent (from 56.54 percent), 21.24 percent (from 22.10 percent) and 23.42 percent (from 23.54 percent) respectively.
However, NIBOR for 1month rose to 19.49 percent (from 19.04 percent).
Elsewhere, NITTY moved in mixed directions across the maturities– yields on the 1month and 3 months maturities rose to 17.77 percent from (14.41 percent) and 19.45 percent (from 19.43 percent) respectively.
However, six months and 12 months yield fell to 19.79 percent (from 20.36 percent) and 22.13 percent (from 22.30 percent) respectively.
