System Liquidity
Liquidity surged from SRA inflows, prompting a ₦300bn CBN OMO auction. Despite strong demand (₦860bn bids, ₦842.5bn allotted), interbank rates stayed elevated, with OPR at 26.50% and O/N at 26.88%.
Treasury Bills
Market sentiment was mixed with demand on Dec-23 and Feb-17 OMO bills. CBN’s ₦300bn auction was oversubscribed, stop rate at 26.49%. NTB mid-rate closed 17.27%, averaging 10bps lower day-on-day.
FGN Bonds
Bonds turned bearish with selloffs in 2029–2033 papers, pushing the average mid-yield to 17.06%.
Eurobonds
African Eurobonds traded mixed-to-bullish on oil price gains, despite U.S. political concerns. Nigerian Eurobond yields inched 1bp higher to 7.99%.
Nigerian Equities
ASI fell 36bps to 141,248.76 as weak breadth (16 gainers, 40 losers) drove bearish sentiment. Banking and Consumer Goods indices fell, Oil & Gas rose slightly. Turnover rose 72.75%, led by crosses in blue-chips.
Foreign Exchange
Dollar liquidity improved with CBN’s support, keeping naira stable at ₦1,536.25–₦1,538.50/$. Reserves rose to $41.19bn (+$85.58m).
Commodities
Oil rebounded as U.S. crude stocks fell sharply; Brent hit $68.05, WTI $64.15. Gold steadied near $3,394 as markets awaited inflation data, amid Fed independence concerns from Trump’s attempted governor dismissal.
