System Liquidity
₦854.46bn OMO maturity boosted liquidity, pulling OPR and O/N down 30bps to 32.10% and 32.40%. Last official liquidity update was 15 Aug 2025.
Treasury Bills
Trading was quiet, with mild buying in short NTBs (20-Nov) and offers on 5-Feb and 19-Feb. Average mid-rate steady at 17.21%.
FGN Bonds
Market traded quietly, slightly bearish at mid-to-long end. Activity centered on 2029s, 2031s, 2033s, 2053s ahead of auction. Average mid-rate stable at 17.01%.
Eurobonds
African Eurobonds traded mixed-bearish amid Ukraine talks uncertainty. Nigerian yields rose 5bps to 8.09% average as markets paused on geopolitical tensions.
Nigerian Equities
ASI fell 146bps to 142,613.47; still up 38.56% YTD. Breadth weak (26 gainers, 38 losers). Industrials (-437bps) and select banks drove bearish sentiment. Value traded rose 9.25% to $11.46m.
Foreign Exchange
FX supply tightened, demand rose; no CBN intervention. Naira depreciated 8bps to ₦1,533/$ (range ₦1,534–₦1,535.50). Reserves climbed to $40.96bn, up $126.6m d/d.
Commodities
Oil fell as potential Ukraine peace progress raised supply expectations. Brent closed $65.79, WTI $62.35. Gold slipped 0.4% to $3,317.71/oz on stronger dollar ahead of Powell’s Jackson Hole speech.
