System Liquidity
Liquidity opened stronger at ₦3.82tn surplus (+₦1.67tn d/d), driven by ₦1.14tn OMO maturity, while OPR and O/N held steady at 22.50% and 22.68%, keeping average funding cost flat at 22.59%.
Treasury Bills
NTBs were largely mixed and calm; short–mid tenors softened while long-dated bills saw modest demand, leaving the benchmark rate unchanged at 16.18%.
FGN Bonds
The bond market traded mixed to positive, with mild yield compression across the curve—belly-led demand pulled the average benchmark yield down 3bps to 16.67%.
Eurobonds
African Eurobonds stayed positive on firmer oil prices and strong U.S. GDP (4.3% y/y), with Nigerian yields easing across key tenors and the average benchmark down 1bp to 7.06%.
Nigerian Equities
The ASI gained 0.59% to lift YTD returns to 48.99%, supported by banking and consumer stocks, despite mixed sectoral performance and selective profit-taking.
Foreign Exchange
The naira appreciated 45bps to ₦1,449.99/$ on improved supply, while external reserves rose to $45.24bn (+10.66% YTD).
Commodities
Oil prices edged higher (Brent $62.30/bbl) on supply-risk concerns and strong U.S. data, while gold firmed on safe-haven demand.
