System Liquidity: Financial system liquidity expanded significantly by +15.36% week-on-week to ₦8,505.19 billion, while interbank funding costs eased as the overnight rate edged down 18 bps to 20.20%.
Treasury Bills Market: Primary NTB yields saw downward adjustments across short-to-mid tenors led by a 65 bps drop in the 180-day paper to 17.08%, while the 365-day paper held flat at 18.75%.
FGN Bonds Market: Secondary bond yields traded mixed with a general downward tilt, highlighted by a 15 bps compression in the 3-year paper to 16.20% and a flat 20-year ultra-long bond at 15.11%.
Equities Market: The Nigerian All-Share Index (NGX-ASI) declined -2.13% week-on-week to 248,877.22 points (YTD +59.93%) amid broad-based profit-taking across major sectors like Industrial Goods and Banking.
Foreign Exchange Market: The official NAFEM rates remained exceptionally stable with minimal change, while the parallel market saw depreciation led by the US Dollar (+2.17% to ₦1,415.00/$) and British Pound (+2.20% to ₦1,855.00/£).
Eurobonds Market: Nigerian sovereign Eurobonds traded on a solidly bullish trajectory with yield contractions across all tenors, led by 24 bps drops in the FGN Euro 3 (to 5.96%) and FGN Euro 7 (to 7.23%).
Commodities Market: Global commodities diverged as gold prices rebounded strongly by +4.08% to $4,074.90/oz, whereas crude oil suffered a sharp correction, plunging -13.28% to $98.32/bbl.
