NIBOR RATES - 7 SEPTEMBER 2005 Tenor (Days) Rates (%) 7 5.3333 30 8.8333 60 8.9583 90 9.5000 180 9.8333 360 10.3333     NIFEX RATE - 7 SEPTEMBER 2005   Bid ($/N) Offer ($/N) Spot Fixing 133.8167 134.1167   Swap Points Forward Fixing   Bid ($/N) Offer ($/N) Bid ($/N) Offer ($/N) 30 0.5775 0.5787 134.3942 134.6954 60 1.1514 1.1540 134.9681 135.2707 90 1.7219 1.7258 135.5386 135.8425 180 3.4131 3.4208 137.2298 137.5375  OPEN MARKET OPERATION (OMO) Auctions Held On  09/02/2005   Security Type: NTB - 1st Week Tenor: 49 Maturing on 10/21/2005 Total Public Subscription: N 1800 Million Total Successful Bids: N 1800 Million Total Amount Repaid: N  0.00 Million Net Purchases: N 1800 Million Range of Bid Rates: 2.2% - 2.5% Successful Bid Rates: 2.2% - 2.5% Marginal Rate: 2.5% True Yield: 2.5084% PRIMARY MARKET AUCTION (PMA) Auctions Held On  09/02/2005   Security Type: NTB Tenor: 364 Maturing on 9/1/2006 Total Amount on Offer N 25,000 Million Total Public Subscription: N 51,250 Million Total Successful Bids: N 25,000 Million Net Sales: N 25,000 Million Range of Bid Rates: 5.0000% - 8.2380% Successful Bid Rates: 5.0000% - 6.9000% Marginal Rate: 6.9000% True Yield: 7.4084% Source: CBN

Source: Federal of Statistics Source:  Central Bank of Nigeria INTER-BANK INTEREST RATE 09/02/2005 Rate Type Range Weighted Average Call Rate 1.0000% - 4.0000% 0.23% 7-Day 0.00% 0.00% 30-Day 0.00% 0.00% 60-Day 0.00% 0.00% 90-Day 0.00% 0.00% 360-Day 0.00% 0.00% 180-Day 0.00% 0.00% Source: CBN FOREIGN EXCHANGE MARKET  Currency   Buying Rate   Central Rate   Selling Rate   YEN       1.1800      1.1846      1.1892  US DOLLAR   128.5700  129.0700  129.5700  RIYAL     34.2780    34.4113    34.5446  POUNDS STERLING   237.7388  238.6634  239.5879  EURO   161.3682  161.9958  162.6233  CFA       0.2400      0.2450      0.2500  WAUA   193.4826  194.2350  194.9875 Source: CBN

Date : Tuesday, September 6, 2005 Index    :  24,757.06   Deals     :  5,823   Volume  :  177,211,917   Value     :  N 1,914,833,479.67   Cap.      :  N 2,267,941,040,605.54 NIGERIAN STOCK EXCHANGE: MARKET SUMMARY

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