System Liquidity
Interbank liquidity stayed stable, aided by ₦264bn OMO maturities despite CRR debits. Rates remained around 26.5%; OPR was flat at 26.50%, and O/N rate dipped 1bp to 26.95%.
Treasury Bills
T-Bills market activity was subdued, with few trades in select OMO maturities. Benchmark NTB mid-rate edged 4bps lower to 19.24%.
FGN Bonds
FGN Bonds trading remained light, centered on May 2033s (19.30%-19.40%) and some mid-tenors. Despite low volumes, the benchmark mid-yield dipped slightly to 18.55%.
Eurobonds
Nigeria’s Eurobonds performed positively amid US-China trade talks, with yields tightening 9bps to 9.08%. Constructive discussions boosted sentiment, though caution persisted over rare earth and tariff uncertainties.
Nigerian Equities
The ASI fell 52bps to 114,017.48 points (YTD +10.78%). Banking and Consumer Goods outperformed, but markdowns in Oil & Gas and Industrials weighed. Market breadth remained positive (35 gainers vs. 25 losers); value traded dropped 43.61%.
Foreign Exchange
The Naira strengthened, closing at ₦1,540.05/$, supported by robust dollar inflows from FPIs and local sources. USD/NGN traded between ₦1,532.00 and ₦1,557.98, marking an 84bp appreciation.
Commodities
Oil prices rose ~1% on US-China trade optimism, boosting Brent to $67.85 and WTI to $66.12. Gold prices dipped slightly as easing global tensions reduced safe-haven demand.
