System Liquidity
CBN sold ₦897.19bn in OMO bills from ₦1.015tn subscriptions, easing funding pressure after a ₦392.74bn bond coupon inflow. OPR and O/N rates stayed flat at 26.50% and 27.00%.
Treasury Bills
T-bills trading was muted as focus shifted to the OMO auction. Stop rates settled at 25.50% and 25.99%. Secondary activity was thin, leaving benchmark mid-rate steady at 16.97%.
FGN Bonds
Bonds were quiet ahead of Monday’s auction, with light trades in mid-curve papers. Average mid-yield rose 9bps to 17.07%.
Eurobonds
African Eurobonds gained on higher oil prices, though Fed minutes tempered rate-cut hopes. Nigerian Eurobond yields slipped 6bps to 8.12% despite mixed global sentiment and modest U.S. labor softening.
Nigerian Equities
The ASI fell 87bps to 140,332.44 points, trimming YTD gains to 36.34%. Weak sentiment dominated, dragged by BUACEMENT (-9.96%) and MTNN (-2.25%), despite strength in GTCO and ZENITHBANK.
Foreign Exchange
Naira appreciated 6bps to ₦1,535.78/$ as CBN intervention boosted liquidity. Reserves climbed to $41.04bn on 21 August, up $44.87m from the prior day.
Commodities
Oil rose nearly $1/bbl on stalled Russia-Ukraine peace talks and strong U.S. demand. Brent settled at $67.67, WTI at $63.52. Gold slipped 0.3% to $3,337.95 ahead of Powell’s speech.
