System Liquidity
Despite strong liquidity, interbank rates rose as CBN debits and FX settlements pushed OPR to 26.90% and O/N rate to 27.45%.
Treasury Bills
T-Bills traded quietly with light demand at the long end; sparse offers limited activity. Market bias remained modestly bullish as NTB mid-rate closed at 19.38%.
FGN Bonds
Bond market opened subdued with minor trades in 2031s, 2033s, and 2053s. Benchmark yield held steady at 18.38%. DMO launched ₦300bn 7-year Sukuk offer at 19.75%.
Eurobonds
Eurobonds rallied as Nigeria and Angola gained on U.S.-China tariff truce, boosting commodity sentiment. Nigerian yields tightened 37bps, closing at 9.87%.
Nigerian Equities
ASI fell 43bps to 108,261.47 points, trimming YTD gains. Broad sector weakness, led by losses in MTNN, NB, and banks, weighed on sentiment. Value traded dipped 4.01% to $6.68m.
Foreign Exchange
Naira appreciated 36bps to ₦1,600.44/$ amid stronger inflows from exports and FPIs. Positive sentiment followed oil rally and easing U.S.-China trade tensions.
Commodities
Oil rose 1%+ after U.S.-China tariff deal revived demand outlook; Brent hit $64.96. Gold plunged 3% as investors shifted to riskier assets, reducing safe-haven demand.
