System Liquidity
Liquidity tightened sharply due to CBN FX settlements and bank outflows, pushing interbank rates to 32%. OPR jumped 4.82% to 31.40%, while O/N rate rose 4.77% to 31.90%.
Treasury Bills
T-bills traded cautiously, but yields dropped 20–30bps following bullish bond auction results. Increased activity pushed the NTB benchmark rate 17bps lower to 18.74%.
FGN Bonds
Bonds rallied on strong auction demand; ₦100bn was allotted and yield compression followed post-auction, with average market yields falling 12bps to 17.98%.
Eurobonds
African Eurobonds rallied amid an Israel-Iran ceasefire and dovish Fed comments. Nigerian bonds tightened 26bps to 8.75%, while Angola underperformed due to lower oil price concerns and debt risks. Positive sentiment lifted broader African risk assets.
Nigerian Equities
Equities surged 102bps as ASI hit 119,790.82. Broad gains across sectors pushed YTD return to 16.38%. Banking, Industrial, and Consumer indices led the rally, with strong trades in BUACEMENT, OKOMUOIL, and MTNN boosting momentum. Oil & Gas lagged.
Foreign Exchange
The Naira held stable, depreciating slightly by 3bps to ₦1,549.04/$. The USD/NGN pair ranged from ₦1,547.50 to ₦1,550.50. FX inflows supported the market, though reserves dipped by $141.37 million to $37.52 billion.
Commodities
Oil fell ~5% as ceasefire hopes between Israel and Iran eased supply fears, though fresh U.S. accusations revived tension. Brent dropped to $68.19. Gold sank 1.6% to $3,313.63 amid fading safe-haven demand.
