System Liquidity
₦216.76bn in FGN bond coupon inflows supported modest liquidity, easing interbank rates despite FX and green bond settlements. OPR and O/N rates dipped to 26.58% and 27.13%, respectively.
Treasury Bills
T-bills market remained mixed with selective interest in June and January papers. Execution was limited due to wide bid-ask spreads. Trading volume was low, and the NTB benchmark rate closed at 18.91%.
FGN Bonds
Bond trading was muted post-auction, with light interest in 2029s, 2031s, 2033s, and 2053s. May 2033s traded at 18.45%–18.60%. Limited volume overall, but average yields declined 14bps to close at 18.10%.
Eurobonds
Nigerian Eurobonds rose 3bps to 9.01% after geopolitical fears eased. Initial selloff followed U.S.-Iran tensions, but calm returned as Iran’s response was measured. Oil spiked early but later fell on signs of de-escalation.
Nigerian Equities
Equities rose 37bps as ASI hit 118,579.65 points. Broad market gains were led by CHAMPION, PRESCO, and OANDO. Sector indices advanced across board. Block trades and active sentiment pushed value traded up 8.35% to $13.76m.
Foreign Exchange
The FX market stayed stable, with the naira weakening slightly by 7bps to close at ₦1,548.52/$. Trading ranged from ₦1,545 to ₦1,551/$. Gross FX reserves stood at $37.66 billion as of June 20, 2025.
Commodities
Oil prices plunged over 6% after Iran’s missile strike, though Strait of Hormuz traffic remained unaffected. Brent fell to $72.19, WTI to $69.23. Gold gained 0.4% to $3,382.42/oz as investors fled to safe havens.
