At yesterday’s NTB primary market auction, the DMO offered NGN400.00 billion across tenors, with total demand reaching NGN2.89 trillion, translating to a bid-to-offer ratio of 7.2x. The DMO ultimately allotted NGN520.67 billion, implying a bid-to-cover ratio of 5.6x. Stop rates were unchanged at 15.95% for the 91-day tenor, while the 182-day and 364-day tenors declined by 20bps to 16.42% and 16.43%, respectively
Please see the results below
