System Liquidity
Interbank liquidity stayed strong with CBN inflows; OPR held at 26.50% while ON rate eased slightly to 26.88%.
Treasury Bills
NTB auction attracted ₦1.59trn bids, with ₦345.10bn allotted. Stop rates dropped across tenors; average mid-rate closed 16.63%.
FGN Bonds
Market traded subdued and bearish with wide bid-ask spreads; benchmark yield curve declined 16bps to 16.27%.
Eurobonds
Fed cut rates 25bps, signaling more easing. Nigerian Eurobond yields rose 4bps to 7.74% despite mixed-to-bearish trading.
Nigerian Equities
ASI gained 35bps to 142,036.23, YTD +38%. Block trades drove activity; Oil & Gas and Consumer Goods outperformed, while Banking lagged.
Foreign Exchange
Naira weakened 0.67% to ₦1,494.01/$ on stronger FX demand; reserves rose to $41.89bn.
Commodities
Oil dipped on higher U.S. diesel stocks; Brent $68.22, WTI $64.31. Gold hit new record above $3,700 on Fed cut, easing slightly afterward.
