System Liquidity
OMO maturities boosted liquidity, but the CBN issued a ₦400bn OMO auction, allotting ₦349.46bn. Interbank rates stayed elevated, with OPR at 26.50% and O/N rate slightly higher at 26.96%.
Treasury Bills
T-bills trading was muted after the OMO auction announcement, with minimal activity and few deals clearing. Benchmark NTB mid-rates rose 10bps to 17.27%.
FGN Bonds
Bond market stayed quiet with mixed sentiment. Early mild demand for key maturities faded as yields edged higher on weak liquidity and wide spreads. Average mid-yield closed 4bps lower at 17.11%.
Eurobonds
African Eurobonds weakened as oil fell and Trump pressured the Fed, targeting Governor Cook’s removal and hinting at trade tariffs. Nigerian Eurobond yields rose 11bps to 7.97%.
Nigerian Equities
Equities gained 23bps as ASI hit 141,761.36, YTD +37.73%. Banking, consumer, oil & gas, and industrials drove gains, though breadth was negative. Activity rose, led by strong crosses in FCMB, WAPCO, GTCO, and MTNN.
Foreign Exchange
FX demand outweighed supply, keeping naira tight at ₦1,537–₦1,539/$ on NFEM. Reserves rose to $41.19bn by 25 August 2025, up $85.58m from the previous day.
Commodities
Oil prices dropped 2% on tariff and supply risks, Brent at $67.22 and WTI at $63.25. Gold climbed 0.5% to $3,382.19 on safe-haven demand after Trump dismissed a Fed governor.
