System Liquidity
System liquidity strengthened from ₦3.1 trillion to ₦5.0 trillion before closing at ₦3.9 trillion, supported by ₦1.4 trillion OMO maturities and steady DMB placements, with the OPR flat at 24.50% and O/N rate easing 7bps to 24.79%.
Treasury Bills
The NTB market ended mildly bullish on strong liquidity, with average benchmark yield falling 5bps w/w to 16.06%, while the 91-, 182-, and 364-day stop rates were 15.30%, 15.50%, and 16.04% respectively.
FGN Bonds
FGN bond yields dipped 12bps w/w to 15.77%, driven by demand at the short to mid end—2027s, 2028s, and 2029s traded between 15.42%–15.83%, while 2032–2034 maturities hovered around 15.4%–15.7%.
Eurobonds
Nigerian Eurobond yields rose 18bps w/w to 7.55%, as early risk-off sentiment from POTUS comments outweighed midweek optimism over the $2.35 billion oversubscribed issuance.
Nigerian Equities
The NGX All-Share Index declined 2.99% w/w to 149,524.81 points, dragged by profit-taking and U.S.–Nigeria tensions, with YTD return moderating to +45.27% and all sector indices closing negative (Insurance -7.56%, Oil & Gas -4.80%, Banking -3.85%, Consumer Goods -2.54%, Industrial Goods -1.09%).
Foreign Exchange
The naira weakened 1.04% w/w from ₦1,421.73/$ to ₦1,436.58/$, as CBN interventions and late FPI inflows stabilized the market, while external reserves rose $43.2 million w/w to $43.32 billion.
Commodities
Brent crude fell $1.14 (-1.76%) to $63.63/bbl and WTI dropped $1.23 (-2.02%) to $59.75/bbl, while spot gold slid 2.56% to $3,999.72/oz and U.S. gold futures eased 1.79% to $4,009.80/oz.
