System Liquidity
Liquidity remained strong at ₦4.6 trillion, keeping overnight rates stable around 24.8%.
Treasury Bills
The NTB market traded quietly amid focus on the ₦650bn auction, as strong liquidity drove mild buying and a 3bps drop in average mid-rate to 16.03%.
FGN Bonds
The FGN bond market was mixed with a slight bullish tone, led by short- to mid-tenor buying that trimmed average yield by 4bps to 15.82%.
Eurobonds
African Eurobonds turned mildly bullish as Nigeria’s new oversubscribed $2.35bn issuance lifted sentiment, driving yields down by 11bps to 7.40%.
Nigerian Equities
Equities closed negative as the ASI fell 135bps to cut YTD gains to 46.29%, with broad selloffs across key sectors despite active trades in FIDELITYBK and GTCO
Foreign Exchange
The Naira weakened by 34bps to ₦1,438.50/$ despite CBN intervention, while external reserves rose to $43.28 billion.
Commodities
Oil prices slipped on supply concerns, while gold gained as investors shifted to safe-haven assets ahead of U.S. jobs data.
