System Liquidity
System liquidity declined to ₦4.71tn after settlement of the ₦1.19tn NTB auction outweighed the ₦600.54bn FGN coupon payment, although funding rates are expected to ease in the near term.
FGN Bonds
Trading was subdued as investors shifted focus to the post-NTB auction, with mild profit-taking at the long end, while investor interest in FGN bonds remained resilient.
Eurobonds
Nigerian Eurobonds remained supported by favourable global risk sentiment, expectations of Fed easing, stable U.S. Treasury yields, and firm oil prices, keeping yields largely range-bound.
Nigerian Equities
The market closed mixed as gains in banking stocks, driven by recapitalisation and earnings expectations, were offset by profit-taking in industrial and consumer goods stocks, while elevated Treasury bill yields dampened overall sentiment.
Foreign Exchange
The naira traded broadly stable, supported by improved FX liquidity and sustained CBN interventions, while the pound and euro strengthened slightly on higher demand.
Commodities
Oil and gold prices declined as easing geopolitical tensions and a stronger U.S. dollar reduced demand for safe-haven assets, with prices expected to remain volatile.
