System Liquidity
Interbank liquidity stayed strong, supported by ₦259.7 billion FGN bond coupon inflows. The OPR and O/N rates remained steady at 26.50% and 26.88%, respectively, reflecting stable market conditions.
Treasury Bills
The treasury bills market was quiet with minimal activity, especially in mid-to-long tenors. Benchmark NTB average mid-rate closed slightly lower at 19.39%, with no significant pricing shifts recorded.
FGN Bonds
Bond market remained cautious pending the ₦350 billion FGN auction split between Apr-2029 and May-2033 bonds. The benchmark average mid-yield declined slightly, closing at 18.74%.
Eurobonds
Sub-Saharan Eurobonds posted mixed results amid U.S. trade tensions. Angola rallied on World Bank loan news, while Nigerian Eurobonds stabilized with the average mid-yield steady at 10.00%.
Nigerian Equities
The All-Share Index rose 35bps, driven by strong buying in GTCO, TRANSCORP, and WAPCO. Positive earnings, stock reclassifications, and new 52-week highs fueled upbeat market sentiment.
Foreign Exchange
The USD/NGN pair traded within $/₦1,596.00–$/₦1,603.50. The Naira depreciated marginally by 2 bps to close at ₦1,599.9452.
Commodities
Oil prices fell over $1 per barrel due to U.S.-China trade war fears. Meanwhile, gold rebounded 0.4% as bargain-hunting resumed, supported by persistent global economic uncertainty.
