System Liquidity
System liquidity declined by ₦267.8bn to ₦2.0tn due to reduced SDF placements following the MPC corridor adjustment, while funding rates were steady as the OPR held at 22.50% and the OVN dipped slightly to 22.71%.
Treasury Bills
The NTB market traded calmly with mixed movements— the 19-Feb-26 bill eased 3bps to 15.45% while the 19-Nov-26 bill rose 7bps to 16.09%, keeping the average rate stable at 15.62%.
FGN Bonds
Bond market activity was quiet to bearish as short–mid yields dipped 1bp while long-dated papers rose sharply, pushing the average benchmark yield up by 1bp to 15.48%.
Nigerian Equities
The equities market gained 12bps as strong interest in MTNN and bellwethers lifted the ASI, with positive breadth and heavy cross deals driving a 90% jump in market turnover.
Foreign Exchange
The naira weakened by 7bps to ₦1,443.90/$ on stronger demand, while external reserves rose by $49.8m to $44.6bn.
Commodities
Brent crude rose 1.28% to $63.34 and WTI gained 0.72%, while gold prices slipped as markets assessed prospects of a U.S. rate cut.
