System Liquidity
Liquidity tightened due to CRR debits, keeping funding rates elevated. OPR eased to 26.75% (-8bps) and O/N rate fell to 27.25% (-17bps).
Treasury Bills
Investor demand shifted to the secondary market amid no NTB auction. The 9 October bill saw strong interest, driving prices higher. Average benchmark NTB mid-rate declined 6bps to 18.27%.
FGN Bonds
Bonds rallied strongly on firm demand for Feb 2031s and May 2033s, pulling yields down by 40bps. The DMO’s Q3 2025 calendar supported sentiment. Average yield dropped to 17.01%.
Eurobonds
Market sentiment turned cautious after Trump’s tariff threats targeting BRICS, Japan, and South Korea. Nigerian Eurobond yields edged up 3bps to 8.63%.
Nigerian Equities
The ASI rose 25bps to 121,295.33 points, extending YTD gains to 17.85%. Bullish sentiment drove 53 gainers, led by TRIPPLEG and CADBURY (+10%). Sector performance was broadly positive; value traded increased by 31.23% to $9.43m.
Foreign Exchange
The Naira appreciated 2bps to close at ₦1,528.33/$, supported by active trading and stable flows. USD/NGN ranged between ₦1,520.00–₦1,531.00. FX reserves rose marginally by $556,000 to $37.18 billion.
Commodities
Oil climbed nearly 2% on strong demand, offsetting OPEC+ output hike concerns. Brent settled at $69.58. Gold recovered from earlier losses, closing at $3,332.62/oz, as Trump’s tariff announcement renewed safe-haven interest despite dollar strength.
