System Liquidity: Banking system liquidity expanded significantly by 9.33% to ₦8,285.48 billion (YTD +117.08%), with interbank lending rates easing as the overnight rate edged down 2 bps to 20.18%.
Treasury Bills Market: Directional trading saw yield increases concentrated in short and mid tenors, led by a 68 bps jump in the 180-day paper to 17.77% and a 3 bps rise in the 91-day rate to 17.52%.
FGN Bonds Market: The secondary market recorded mixed activity with mid-to-long tenors seeing slight movements, including a 10 bps rise in the 5-year paper to 16.80% and a 4 bps drop in the 7-year paper to 16.80%.
Equities Market: Heavy sell-offs among bellwether stocks dragged the NGX-ASI down by 1.98% to 249,710.59 points (YTD +60.47%), led by steep maximum losses in DANGCEM and PRESCO.
Foreign Exchange Market: The Naira weakened against the USD in both the official NAFEM window (down 0.07% to ₦1,348.74/$) and the parallel market (down 0.72% to ₦1,400.00/$), while gaining against the Pound and Euro in official trading.
Eurobonds Market: Upward yield adjustments hit the market due to selling pressure in selected mid-tenor maturities, notably a 44 bps rise in the 10-year benchmark yield to 7.67%.
Commodities Market: Divergent results continued as Gold extended its gains by 1.31% to $4,095.85/oz on safe-haven demand, while Brent crude edged down 0.59% to $98.29/bbl.
