System Liquidity
Market liquidity opened with a ₦3.5 trillion surplus after a ₦521.3 billion moderation driven by reduced CBN SDF placements and net outflows from NTB settlements, while funding rates held around OPR 22.50% and O/N 22.79%.
Treasury Bills
The NTB market turned bullish after the ₦788.20bn auction, with strong demand for the new 364-day bill and average rates easing by 18bps to 16.18%.
FGN Bonds
The domestic bond market traded mixed-to-positive with selective demand on short–mid tenors, easing average benchmark yield by 6bps to 16.65%.
Eurobonds
The African Eurobond market remained positive after the U.S. Fed’s third 25bps rate cut in 2025, pushing Nigeria’s average benchmark yield down by 11bps to 7.24%.
Nigerian Equities
The equities market closed positive as the ASI rose 74bps, supported by 30 gainers, strong ACCESSCORP turnover, and mixed but positive sector performance.
Foreign Exchange
The Naira weakened by 68 kobo to ₦1,456.0656/$ amid persistent demand pressures, while external reserves rose to $45.41 billion.
Commodities
Oil prices fell over 1% amid renewed focus on Russia-Ukraine peace talks, while gold surged following the U.S. Fed’s rate cut.
