System Liquidity: Financial system liquidity experienced a steep contraction of 39.03% to ₦3,713.47 billion, while interbank funding rates ticked up slightly with the overnight rate rising by 5 bps to 20.25%.
Treasury Bills Market: Primary Nigerian Treasury Bill yields exhibited slight downward repricing across all tenors, led by the 91-day paper edging down 3 bps to 17.48%.
FGN Bonds Market: Secondary FGN bond yields traded completely flat across all benchmark tenors as market participants digested shifting liquidity conditions.
Equities Market: The Nigerian All-Share Index (NGX-ASI) slipped marginally by -0.06% to 252,313.16 points (YTD +62.14%), pressured by profit-taking in the Banking sector (-0.67%).
Foreign Exchange Market: In the official NAFEM window, USD/NGN inched up +0.11% to ₦1,350.86/$, while the parallel market registered a modest appreciation for the Naira against the US Dollar down to ₦1,415.00/$.
Eurobonds Market: Nigerian sovereign Eurobonds experienced a modest upward yield adjustment across all tenors, led by a 17 bps rise in the FGN Euro 3 paper to 5.96%.
Commodities Market: Global commodities faced downward pressure as gold pulled back -2.74% to $4,036.02/oz and crude oil edged down 0.69% to $91.46 per barrel.
