System Liquidity
System liquidity opened with a surplus of ₦3.82 trillion, supported by ₦3.75 trillion in DMB placements at the CBN’s SDF and ₦535.61 million in primary market repayments, partly offset by ₦28.00 billion SLF borrowing. Despite the surplus, average funding cost rose by 5bps to 22.16%, with the overnight rate at 22.31% and the OPR steady at 22.00%.
Treasury Bills
The NTB secondary market traded quietly with limited interest across most maturities as investors remained cautious. Demand at the mid‑tenor segment compressed the 04‑Jun‑26 bill by 29bps to 15.72%, pulling the average benchmark yield lower by 2.6bps to 16.02%.
FGN Bonds
The FGN bond market closed mixed and subdued amid cautious sentiment following the inflation print of 15.38%. While the 15‑May‑33 bond sold off to 16.37%, strong demand for the 21‑Feb‑34 compressed yields to 16.28%, resulting in a 1bp decline in the average benchmark yield to 15.59%.
Eurobonds
Nigeria’s Eurobond market closed weaker amid softer global risk appetite and geopolitical concerns around Middle East supply disruptions. Selling pressure lifted the MAR‑29 yield by 9bps to 5.74%, pushing the average benchmark yield higher by 4bps to 7.07%.
Nigerian Equities
The equities market ended firmly higher as the All‑Share Index rose 1.23% to 211,912.38 points, adding ₦1.66 trillion to market capitalisation. Gains were driven by buying interest in banking and oil & gas stocks, although trading volumes and value declined by about 17%.
Foreign Exchange
The Naira appreciated by ₦1.44 to close at ₦1,342.30/$ at the NFEM, supported by improved FX supply conditions during the session. External reserves remained steady at $48.70 billion as of 14 April 2026.
Commodities
Oil prices strengthened, with Brent crude rising 3.39% to about $98.15 per barrel and WTI gaining 5.89% to $93.32 per barrel amid ongoing supply concerns. Gold prices eased from recent highs, with spot gold down 0.66% to $4,791.81/oz.
