System Liquidity
Ample system liquidity around ₦1 trillion kept short-term rates steady. OPR remained flat at 26.50%, while the O/N rate eased slightly by 12bps to 26.83%.
Treasury Bills
The NTB market was slightly bullish, driven by strong liquidity. Notable demand focused on the 04 Dec 2025 bill, pulling benchmark NTB mid-rate down 6bps to 19.57%.
FGN Bonds
Mid-dated bonds like Feb 2031 saw steady demand. May 2033 and Jan 2035 also saw few interests. Overall light trading led benchmark bond mid-yield to close flat at 18.69%.
Eurobonds
Weak U.S. Q1 GDP data (-0.3%) reduced investor appetite, triggering widespread selling. Nigerian Eurobond yields surged 46bps, ending at 10.58% amid broader Sub-Saharan declines.
Nigerian Equities
ASI fell 12bps as major selloffs in ETI, GTCO, and INTBREW overshadowed gains. Mixed sector performance and reduced trade activity pulled YTD return to 2.79%.
Foreign Exchange
Stable liquidity supported the Naira, trading between $/₦1,580.00–$/₦1,603.50. By session close, the Naira strengthened by 19bps to $/₦1,596.6891 despite a mild uptick in FX demand.
Commodities
Oil dropped sharply as Saudi Arabia signaled output increases and global demand fears grew. Brent hit $63.09, WTI $58.04. Gold dipped slightly but gained 6% in April.
