System Liquidity
Market liquidity rose to ₦4.5 trillion, driven by higher SDF balances, leading to a slight dip in average funding costs, with OPR at 24.50% and O/N at 24.84%.
Treasury Bills
The NTB market traded quietly amid strong liquidity, with minimal activity except a 10bps rise on the 4-Jun-2026 bill to 16.00%, keeping the average rate stable at 16.09%.
FGN Bonds
The FGN bond market traded quietly with a mild bearish bias, as mixed movements across short-dated papers pushed the average yield up by 4bps to 15.92%.
Eurobonds
The African Eurobond market traded bullishly ahead of the expected 25bps Fed rate cut, driving Nigerian Eurobond yields down by 4bps to 7.40%.
Nigerian Equities
The Nigerian equities market closed lower as the ASI fell 70bps amid broad sectoral losses and weak trading activity, driven mainly by declines in DANGCEM, ARADEL, and BETAGLAS.
Foreign Exchange
The Naira appreciated by 26bps to ₦1,444.42/$, while external reserves rose by $39.6 million to $43.1 billion as of October 28, 2025.
Commodities
Global oil prices rose on Wednesday following a larger-than-expected drop in U.S. crude inventories and renewed optimism over U.S.-China trade talks, while gold prices edged lower as markets weighed Fed Chair Jerome Powell’s policy comments after a quarter-point rate cut.
