System Liquidity
Market liquidity surged to ₦5.9 trillion due to higher SDF placements and coupon inflows, though OPR rose 7bps to 24.57%.
Treasury Bills
The NTB market traded mildly bullish amid ample liquidity, with the average rate dipping 1bp to 15.76%.
FGN Bonds
The bond market stayed bullish as yields on short- to mid-tenor papers declined, pushing the average benchmark yield down by 3bps to 15.59%.
Eurobonds
African Eurobonds turned mixed-to-bearish after the U.S. funding bill and profit-taking in Nigerian issues lifted average yields by 42bps to 7.81%.
Nigerian Equities
The NGX gained 108bps to extend its rally (+42.8% YTD) on broad-based sector strength led by banking and consumer stocks.
Foreign Exchange
The Naira appreciated 11bps to ₦1,441.44/$ amid thin dollar supply, while reserves increased by $30.3 million to $43.40 billion.
Commodities
Oil prices rebounded modestly (Brent $63.05/bbl) while gold rose above $4,199/oz on renewed Fed rate-cut expectations.
