System Liquidity
Market liquidity improved slightly to ₦3.8 trillion on higher SDF placements, while funding rates remained stable at 24.5%.and 24.86%.
Treasury Bills
The NTB market was quiet, with the 19-Feb-2026 bill easing to 16.08% while the average rate stayed flat at 16.09%.
FGN Bonds
The FGN bond market was mildly bearish as investors reacted to the October auction results, pushing the average yield up by 1bp to 15.88%.
Eurobonds
The African Eurobond market traded higher on dovish Fed expectations, with Nigerian yields easing 2bps to 7.44%.
Nigerian Equities
The Nigerian equities market closed slightly lower as the ASI fell 9bps, with 27 gainers and 36 losers; SOVRENINS led both the gainers and volume charts, DANGCEM led in value traded, banking and consumer stocks saw mixed performance, and overall market activity remained concentrated in key names, pushing value traded up 1.85% to $17.46 million.
Foreign Exchange
The Naira strengthened by 67bps to close at ₦1,448.21/$, trading between ₦1,445.00/$ and ₦1,456.00/$, while Nigeria’s gross external reserves held steady at $42.87 billion as of October 22, 2025.
Commodities
Global oil prices fell for a third consecutive day on U.S. sanctions and potential OPEC+ output increases, with Brent at $64.36/bbl and WTI at $60.08/bbl, while gold slid to a three-week low amid dimming U.S.–China trade hopes and focus on the Fed’s upcoming rate decision.
