System Liquidity
Interbank liquidity remained ample despite ₦160.40bn OMO settlement. Rates stayed steady at 26.5%, with OPR and O/N unchanged at 26.50% and 26.96%.
Treasury Bills
NTB auction drew ₦1.012trn subscriptions, ₦585.25bn allotted. Stop rates: 91d 15.32% (-3bps), 182d 15.50% (unchanged), 364d 17.69% (+25bps). Secondary trading muted; average mid-rate closed 17.16%.
FGN Bonds
Bonds market quiet with light activity in 2029s, 2033s, and 2053s. Benchmark yield curve held steady at 17.01%.
Eurobonds
African Eurobonds bullish despite weaker oil, soft U.S. jobs data. Nigerian yields fell 8bps to 8.02%.
Nigerian Equities
ASI slipped 42bps to 138,157.16, YTD gains now 34.23%. Breadth weak (14 advancers, 44 decliners). Sector losses broad, turnover dropped 51% to $12.87m, with block trades in ARADEL.
Foreign Exchange
Naira appreciated 0.30%, closing at ₦1,521.46/$ within ₦1,518–₦1,525. Reserves rose $38.52m to $41.46bn.
Commodities
Oil slid over 2% ahead of OPEC+ meeting; Brent closed $67.60. Gold hit new record $3,578/oz, buoyed by weak jobs data and Fed rate cut bets.
