FINANCIAL MARKETS TODAY – 19 October 2026
System Liquidity: Cash in the system fell 7.04% to ₦5.84trn, but it is still high enough to keep funding costs steady.
Treasury Bills: Yields fell across the curve on high liquidity. The 91-day bill is at 17.50%.
FGN Bonds: Yields rose after the October bond auction. The 20-year jumped 35bps to 15.12%.
Foreign Exchange: The dollar rose 0.11% to ₦1,333.72 at NAFEM. The gap with the parallel market narrowed to c.2.72%.
Nigerian Equities: The NGX-ASI fell 0.91% to 245,278.34. Losers beat gainers 40 to 15, and all five sectors closed lower.
Eurobonds: Yields rose across the curve as US yields stayed near 5.09% and Middle East tensions weighed on sentiment.
Commodities: Gold fell 0.76% to US$4,165.92/oz, while Brent was almost flat at US$108.13/bbl.