System Liquidity
Liquidity was stable with subdued funding flows. OPR rose 60bps to 27.50%, while O/N rate climbed 110bps to 28.50%.
Treasury Bills
Bullish demand focused on mid-to-long tenors, especially March and April maturities. However, wide bid-offer spreads limited trades to retail sizes. NTB benchmark rate closed slightly higher at 19.42%.
FGN Bonds
Demand centered on Feb 2031s, May 2033s, and Jun 2053s, but wide bid-offer gaps curtailed large trades. Market remained steady, with benchmark yield unchanged at 18.73%.
Eurobonds
Eurobonds advanced as U.S. inflation came in lower than expected and trade tensions eased. Nigeria’s curve strenthened, with yields falling 20bps to 9.67%.
Nigerian Equities
The ASI rose 46bps to close at 108,762.61 points, boosting YTD return to 5.67%. Gains in OANDO, NB, and banks drove sentiment. Trading volume and value increased slightly, led by GTCO.
Foreign Exchange
Strong FPI inflows kept interbank liquidity healthy. The Naira appreciated slightly by 3bps to ₦1,600.03/$, with intraday trades staying within a narrow ₦1,597–₦1,610.50 band.
Commodities
Oil prices jumped over 2.5% on reduced U.S.-China tariffs and soft U.S. inflation data. Brent hit $66.63. Gold rebounded 0.4% to $3,246.95 on bargain-hunting and renewed interest.
