System Liquidity
₦984.22bn OMO maturity boosted liquidity, keeping interbank rates steady. OPR held at 26.50%, while O/N rate rose slightly to 26.89%.
Treasury Bills
Bullish sentiment drove selective demand for short-dated OMO and NTB papers. Activity centered on Nov–Mar maturities, as well as May NTBs, pushing the benchmark NTB mid-rate 4bps lower to 19.44% amid increased market interest.
FGN Bonds
Following a ₦300bn auction oversubscribed by ₦136bn, unmet demand spilled into the secondary market. Yields dipped, especially on 2033s. Benchmark mid-yield declined 6bps to 18.67%.
Eurobonds
Nigeria’s Eurobonds strengthened as yields tightened 13bps to 9.60%, buoyed by improved US-EU trade sentiment and U.S. consumer confidence, despite OPEC+ supply concerns weighing on broader market stability.
Nigerian Equities
ASI surged 1.57% on AIRTELAFRI’s 10% jump. Gains in banking and oil stocks supported the rally. Market breadth was positive, though value traded fell 11%. Sentiment was mixed but upward momentum persisted.
Foreign Exchange
Dollar demand outpaced supply at NAFEM, pushing Naira 27bps weaker to ₦1,583.74/$. Trading range was ₦1,581.92–₦1,591.00 as FX pressure persisted.
Commodities
Brent crude dropped 1% on OPEC+ supply hike concerns. WTI also fell. Gold declined 1.2% as risk sentiment improved following delayed EU tariffs, eroding safe-haven demand after prior week’s strong gains.
