System Liquidity
Market liquidity eased slightly to ₦3.8 trillion, leading to a 4bps rise in funding costs as the OPR held at 24.50% and the O/N rate inched up to 24.86%.
Treasury Bills
The NTB market traded calmly with strong demand on the long end, causing average rates to dip slightly by 1bp to 16.05%.
FGN Bonds
The FGN bond market was mildly bullish with cautious buying on the short- to mid-end, causing average yield to drop by 1bp to 15.76%.
Eurobonds
The African Eurobond market traded bullish as risk-on sentiment and U.S. government reopening optimism drove a 14bps decline in Nigerian Eurobond yields to 7.56%.
Nigerian Equities
The Nigerian Exchange closed negative as the ASI fell 50bps, driven by broad declines across sectors and weak sentiment, bringing YTD return to +44.55%.
Foreign Exchange
The Naira weakened by 5bps to ₦1,437.29/$ amid low FX supply, while external reserves rose by $23.6 million to $43.35 billion as of November 7, 2025.
Commodities
Oil prices fluctuated but ended higher on supply concerns, while gold surged over 2% to a two-week high on rising Fed rate-cut expectations.
