System Liquidity
Ample system liquidity from a ₦201.38bn coupon inflow kept the interbank market robust, with OPR and OVN steady at 24.50% and 24.88%, respectively.
Treasury Bills
The NTB market traded quietly with selective demand, as the 3-Sep-2026 paper rose 25bps to 16.25%, leaving the benchmark yield marginally higher by 1bp at 16.82%.
FGN Bonds
The FGN bond market traded calmly with moderate demand in the 2027, 2033, and 2053 papers at 16.91%, 16.52%, and 15.88%, respectively, while the DMO announced ₦100bn re-openings of the AUG 2030 and JUNE 2032 bonds; overall, average yield closed flat at 16.52%.
Eurobonds
African Eurobond market closed bearish as stronger U.S. jobless claims data spurred risk-off sentiment, prompting sell-offs and a modest yield uptick across maturities, with Nigeria’s Eurobond yields rising 10bps to 7.86%.
Nigerian Equities
The local bourse reversed its bearish run as renewed buying pushed the ASI up 31bps to 141,157.49 points, with YTD return at 37.14%; market breadth was positive (33 gainers vs. 22 losers), led by MECURE (+9.89%) and dragged by ETERNA (-10.00%), while CONHALLPLC dominated volume (333.2m shares) and MTNN topped value (₦5.01bn).
Foreign Exchange
The naira appreciated slightly by 2bps to ₦1,488.26/USD, trading within a range of ₦1,485.00–₦1,491.99, while gross reserves rose by $33.18m to $42.20bn as of 24 September 2025.
Commodities
Oil prices rose, with Brent at $69.59/bbl and WTI at $65.18/bbl, while gold gained to $3,753.36/oz as markets reacted to U.S. jobless claims and awaited inflation data.
