System Liquidity: System liquidity rose 55.42% to c.₦6.28trn from c.₦4.04trn on 12-Oct. The overnight rate eased 34bps to 20.38%, and the average T-bill rate fell 153bps to 16.34%.
Treasury Bills: The NTB market was mixed. The 91-day yield rose 30bps to 17.53%, while the 365-day fell 10bps to 18.61%.
FGN Bonds: Yields rose, led by the 10-year, up 51bps to 16.94%. The 3-year was unchanged at 16.61%.
Foreign Exchange: The Naira was flat at NAFEM at ₦1,332.26/$. The gap with the parallel market narrowed to c.2.83%.
Nigerian Equities: The NGX All-Share Index fell 0.08% to 247,539.73 points, and is up 59.07% year to date. Oil and gas rose 3.35%, while banking fell 1.37%. Weekly value traded fell c.38% to ₦98.09bn.
Eurobonds: The market was bullish, with yields down across the curve. The 3-year yield fell 34bps to 6.40% and the 10-year fell 15bps to 7.89%.
Commodities: Brent rose 1.36% to US$108.16/bbl on Middle East supply worries, and gold rose 0.23% to US$4,197.65/oz.
