System Liquidity: Week-on-week, financial system liquidity contracted sharply by -31.27% to ₦3,974.96 billion, while interbank funding rates remained relatively contained with the Overnight Rate (O/N) edging higher by 23 bps to 20.43%.
Treasury Bills Market: Nigerian Treasury Bill yields posted mixed-to-bearish week-on-week movements, led by the 180-day paper jumping 63 bps to 17.70% and the 365-day bill rising 7 bps to 18.81%.
FGN Bonds Market: Activity across the FGN secondary bond market reflected a generally bullish yield compression posture on mid-to-long tenors, led by 25 bps contractions on both the FGN 5 and FGN 10 papers down to 16.55% and 16.60%, respectively.
Equities Market: The Nigerian equities market closed the week on a strong bullish note, advancing +1.36% week-on-week to close at 252,269.16 points (YTD +62.11%), lifted by robust sector rallies in Industrial Goods (+6.11%) and Insurance (+4.44%).
Foreign Exchange Market: In the official NAFEM window, the US Dollar appreciated against the Naira by +0.53% to close at ₦1,353.97/$, whereas parallel market rates posted upward adjustments across all major pairs, with USD/NGN rising to ₦1,435.00/$.
Eurobonds Market: Bearish sentiment prevailed across the Nigerian sovereign Eurobond market week-on-week, resulting in yield expansions across all tenors led by the FGN EURO 10 rising 24 bps to 7.89%.
Commodities Market: Global commodities experienced downward pressure week-on-week as gold recorded a significant correction, tumbling -4.63% to $3,886.30 per ounce, and crude oil pulled back -2.52% to $95.84 per barrel.
