System Liquidity
FPI inflows and NTB maturities eased tight liquidity from the ₦1.2tn OMO settlement. OPR dropped 25bps to 29.50%, O/N dipped 34bps to 30.08%, keeping rates within the 29–30% range.
Treasury Bills
Trading was active, focused on October/November NTBs and Jan–March OMO bills. The new 9-July bill cleared at 15.45%. Benchmark NTB yields dropped sharply by 94bps to 16.18%.
FGN Bonds
Trading was mixed but slightly bearish. Mid-tenor bonds like May 2033s saw more attention, trading at 16.40%. Despite limited volumes, average bond yields declined 12bps to 16.27%.
Eurobonds
Nigerian Eurobonds gained as risk appetite improved, despite reduced Fed rate-cut hopes following strong U.S. jobless data. Nigerian yields fell 13bps to 8.63%.
Nigerian Equities
The ASI jumped 201bps to 124,446.80 points on broad-based buying. Banking and consumer sectors led gains, while value traded surged 77.62% to $18.15m. ACCESSCORP dominated trades; 70 gainers, 10 losers signaled strong sentiment.
Foreign Exchange
The Naira weakened by 34bps to ₦1,525.98/$ as FX demand persisted, though liquidity remained healthy. Reserves rose by $47.11m to $37.32bn.
Commodities
Oil prices fell ~2% on global growth concerns from U.S. tariffs. Brent dropped to $68.77, WTI to $66.77. Gold was steady at $3,318.56/oz, supported by safe-haven demand despite a stronger dollar.
