System Liquidity
Market liquidity declined to ₦1.6 trillion, lifting funding costs slightly as OPR and O/N closed at 24.50% and 24.90%, respectively.
Treasury Bills
The NTB market traded quietly ahead of the CPI release, with mixed movements leaving the average benchmark rate stable at 16.07%.
FGN Bonds
The FGN bond market traded bullish, as yields declined across the curve following the softer September inflation print, with the average benchmark yield down 3bps to 15.98%.
Eurobonds
The Africa Eurobond market traded bullish as investor sentiment improved despite continued weakness in oil prices, with dovish remarks from U.S. Fed Chair Jerome Powell fueling renewed risk-on appetite; consequently, Nigerian Eurobond yields fell by an average of 12bps to 7.82%.
Nigerian Equities
The Nigerian equities market closed slightly higher as the NGX All-Share Index rose 2bps to 147,742.22 points, driven by gains in mid-cap stocks, while sector performance was broadly mixed.
Foreign Exchange
The naira weakened by 69bps to close at ₦1,473.29/$, trading between ₦1,465.00 and ₦1,479.00, while external reserves stood at $42.63 billion as of October 13, 2025.
Commodities
Oil prices fell on supply concerns, while gold hit a record high above $4,200 amid rate-cut bets and geopolitical tensions.
