System Liquidity
OMO maturities of ₦204.87bn sustained ample liquidity. Rates stayed firm at 26.5%, with OPR and Overnight rate holding at 26.50% and 26.92%.
Treasury Bills
T-bills traded actively but bearish ahead of NTB auction. 3-Sep bill drew most interest at 16.90%, with steady demand for Jan–Apr OMO. NTB mid-rate closed 17.21%.
FGN Bonds
Bonds traded quietly with bullish undertone. Activity centered on 2029s, 2031s, and 2033s, with May 2033s quoted at 16.50/16.20%. Average mid-yield slipped 2bps to 16.44%.
Eurobonds
Eurobonds stayed bullish despite hawkish U.S. data, supported by Fed cut expectations. Nigerian Eurobond mid-yields tightened, dropping 8bps to 7.70%.
Nigerian Equities
ASI dipped 8bps to 141,546.80, trimming YTD gains to 37.52%. Breadth weakened; banks weighed down index, though GTCO led trades. Turnover fell 46%, dominated by block trades.
Foreign Exchange
Naira appreciated 89bps to ₦1,484.1395/$ on strong dollar inflows and low demand. Gross reserves rose $146.82m to $41.84bn.
Commodities
Oil rose—Brent $68.45, WTI $64.51—on Russian supply risks. Gold hit record $3,702.95, buoyed by Fed cut expectations, safe-haven demand, and weaker dollar.
