System Liquidity
System liquidity improved to ₦3.3 trillion due to higher DMB placements in the SDF window, while OPR and O/N rates held flat at 22.50% and 22.72%.
Treasury Bills
The NTB market traded bearish despite ample liquidity, with mid-to-long tenors recording sharp rate increases and average NTB yields rising to 15.74%.
FGN Bonds
The FGN bond market opened bearish with broad yield increases across short-, mid-, and long-tenor papers, raising the average benchmark yield to 15.81%.
Eurobonds
African Eurobonds traded bearish as investors took profit ahead of the Fed decision and falling oil prices pushed Nigeria’s benchmark yield up 10bps to 7.24%.
Nigerian Equities
The equities market advanced as the ASI gained 26bps on broad buying interest, lifting YTD returns to 43.24%.
Foreign Exchange
The Naira weakened marginally to ₦1,451.86/$ amid persistent demand pressure despite CBN intervention, while external reserves stood at $45.11 billion.
Commodities
Oil prices fell about 2% after Iraq restored output while gold prices dipped slightly as investors awaited the U.S. Fed policy meeting.
