System Liquidity
CBN absorbed excess liquidity via ₦600bn OMO auction after SRA inflows. Despite strong demand and CRR debits, interbank rates stayed stable near 26.5%.
Treasury Bills
Market opened calm, with mild bullish sentiment in July, August, and May bills. NTB mid-rate dipped 3bps to 19.48% by session close.
FGN Bonds
Investors remained cautious ahead of ₦300bn auction. Minor price moves in 2029, 2033, and 2053 bonds; average mid-yield held flat at 18.73%.
Eurobonds
Activity was muted due to U.S. holiday. Nigerian Eurobond yields remained flat, with average mid-yield unchanged at 9.73%.
Nigerian Equities
Equities rebounded, ASI up 0.79% w/w. Gains in ARADEL and BUAFOODS outweighed banking losses. Mixed sector performance; market breadth balanced, but value traded fell 39%.
Foreign Exchange
Naira strengthened slightly by 7bps to ₦1,579.41/$ as trading remained in a tight ₦1,578–₦1,583 band. Market stable with no major FX shocks.
Commodities
Oil held steady ahead of OPEC+ meeting; Brent closed at $64.74. Gold dipped 1% after U.S. dropped EU tariff threats, reducing safe-haven demand.
