System Liquidity: Banking system liquidity recorded a slight contraction of 0.64% to close at ₦7,325.38 billion, while interbank borrowing costs eased as the Overnight Rate fell by 13 bps to 20.25% with policy benchmarks holding steady at 20.00%.
Treasury Bills Market: The secondary market closed mixed with varying yield movements, highlighted by buying interest that drove the 180-day rate down sharply by 62 bps to 17.11% while the 91-day and 365-day papers settled at 17.55% and 18.72%, respectively.
FGN Bonds Market: Secondary trading remained mostly quiet and flat across benchmark tenors, with light activity and only the 5-year paper seeing movement (down 5 bps to 16.80%).
Equities Market: The NGX-ASI rose 1.07% for a third consecutive gain to 253,990.06 points (YTD return at 63.22%), led by Dangote Cement despite weak market breadth (20 gainers vs. 36 decliners).
Foreign Exchange Market: The Naira appreciated 1.09% at the NAFEM window to ₦1,352.87/$, while the average BDC rate eased 0.8% to ₦1,385/$, widening the market gap to 2.37%.
Eurobonds Market: Yields moved lower across the curve by 3 bps to 7 bps, with the FGN Euro 3-year dropping to 6.38% and the 20-year falling to 8.54%
