System Liquidity
The interbank market strengthened on a ₦978.6bn SDF inflow from the MPC’s corridor adjustment, pushing the OPR and OVN down by 100bps and 104bps to 24.50% and 24.88%, respectively.
Treasury Bills
The Treasury bills market remained quiet following the MPC’s 50bps rate cut to 27.00%, with selective buying pushing only the 17-Sep-2026 maturity up 5bps to 16.89%, while the benchmark NTB yield held near 16.81%.
FGN Bonds
The FGN bond market was quiet post-MPC’s 50bps MPR cut, with short and mid-tenors active—Mar-2026 yield rose 89bps to 18.57%, Jul-2030 fell 24bps to 16.19%, and the average mid-yield edged up 4bps to 16.52%.
Eurobonds
African Eurobond market traded mixed, buoyed by rising oil prices and falling U.S. crude inventories, with short-term prices declining, mid- to long-term maturities gaining modestly, and Nigeria’s yield dipping 1bp to 7.76%.
Nigerian Equities
The Nigerian equities market fell for the fourth straight session, dragged by MTNN, as the ASI dropped 15bps to 140,716.10 points with negative breadth—22 gainers versus 29 losers—while DEAPCAP (-9.42%) led losses and DANGSUGAR (+10.00%) topped gains.
Foreign Exchange
The naira slipped 8bps to ₦1,488.56/USD, trading between ₦1,481.00 and ₦1,498.00, while Nigeria’s gross reserves rose $32.07 million to $42.17 billion as of September 23, 2025.
Commodities
Oil surged over 2% to a three-week high on a surprise U.S. crude inventory drop and supply concerns from Iraq, Venezuela, and Russia, while gold retreated over 1% amid a stronger dollar and cautious Fed signals.
