System Liquidity
Market interbank liquidity remained ample despite a ₦598.33 bn NTB settlement, comfortably sustaining rates near 26.5%. OPR held at 26.50%, while the Overnight Rate edged up 5 bps to 27.00%.
Treasury Bills
Following ₦598.33 bn NTB auction (₦1.08 trn subscriptions vs ₦550 bn offer), secondary trades focused on the new one-year bill near 19.40%. Mid-rate closed at 19.64%.
FGN Bonds
FGN bond trading was subdued, with selective retail interest in Apr-2029, Feb-2031, May-2033 and Jun-2053 papers. Volumes remained thin, leaving the benchmark mid-yield unchanged at 18.70% by close of session.
Eurobonds
African Eurobonds ended mixed to weaker following cautious Fed guidance as the Fed held rates at 4.25%–4.50%, dampening rate-cut hopes. Nigeria’s curve underperformed; average yield rose 4 bps to 10.33%.
Nigerian Equities
ASI rose 35bps to 109,231.96 (YTD 6.13%) on broad gains: 38 advancers led by CHELLARAM and BETAGLAS (+10%), notably banking strength (+102bps) offset consumer sector weakness (-134bps). Value traded $8.89m.
Foreign Exchange
Enhanced FX supply from CBN interventions and exporter inflows stabilized interbank trading between $/₦1,608.00 – $/₦1,614.00. The naira weakened 6bps to close at $/₦1,609.6357 against the dollar during the session.
Commodities
Oil prices rose over 2% on optimism around U.S.-China trade talks, with Brent at $62.55 and WTI at $59.57. Gold fell nearly 2% as U.S.-UK trade deal lifted risk appetite.
