System Liquidity
Interbank market stayed quiet with rates steady at 26.5%. OPR held at 26.50%, while O/N dipped slightly to 26.92%.
Treasury Bills
Muted trading; mild activity in 3-Sep, 4-Dec, and 23-Jul NTBs, plus interest in select OMO bills. NTB mid-rate closed at 17.23%.
FGN Bonds
Quiet but bullish trading with demand for 2031s and 2032s. Wide spreads limited volumes; average mid-yield eased to 16.62%.
Eurobonds
African Eurobonds weakened after U.S. jobs data revisions reinforced Fed cut expectations. Nigerian yields rose 7bps to 7.95%.
Nigerian Equities
ASI rose 29bps to 139,796.11, YTD +35.82%. Market breadth positive, led by REGALINS. Strong sector gains in Industrials and Banking drove sentiment.
Foreign Exchange
Naira appreciated slightly to ₦1,506.09/$ on stronger dollar supply. Reserves climbed $33.27m to $41.57bn.
Commodities
Oil rose after Israeli strikes escalated tensions. Brent closed at $66.39. Gold set fresh records above $3,670/oz on Fed cut expectations.
