System Liquidity
System liquidity improved to ₦2.2 trillion on higher SDF placements, though funding rates edged up to an average of 22.68%.
Treasury Bills
The NTB market traded quietly with a bearish bias as thinning demand—especially at the mid-to-long end—pushed the average benchmark rate up by 1bp to 15.59%.
FGN Bonds
The FGN bond market traded mixed with light activity, as selective buying at the short and long ends offset mild weakness on the 2035 bond, leaving average yields unchanged at 15.49%.
Eurobonds
African Eurobonds opened the week on a mildly negative note with yields rising across major issuers, leaving Nigeria’s average benchmark yield 6bps higher at 7.49%.
Nigerian Equities
The Nigerian equities market opened December on a soft footing as the ASI slipped 22bps amid broad sell pressure across major sectors, weak market breadth, and subdued overall sentiment, with activity largely dominated by sizeable block trades in banking names and a significant off-market cross in CORNERST.
Foreign Exchange
The naira weakened by 12bps to ₦1,448.44/$ amid lower price bids, even as external reserves increased to $44.6 billion.
Commodities
Oil rose over 1% on geopolitical tensions and steady OPEC output, while gold hit a six-week high on rate-cut expectations and a weaker dollar.
