System Liquidity
Despite a ₦756.74bn OMO settlement, interbank liquidity remained firm. OPR eased 8bps to 26.50%, while O/N dipped 22bps to 26.95%, indicating improved system liquidity.
Treasury Bills
T-Bills trading was muted as focus shifted to the NTB auction. Minimal activity occurred in the secondary market; investor demand was selective, with the NTB benchmark rate steady at 19.60%.
FGN Bonds
Bond market stayed quiet with light retail interest in longer tenors. Broader activity was subdued amid NTB focus, and benchmark mid-yield held unchanged at 18.70%.
Eurobonds
Stronger risk appetite lifted African Eurobonds as investors chased higher yields amid uncertain global rate cut timing. Nigeria’s curve firmed; mid-yield fell 4bps to 10.29%.
Nigerian Equities
Equities rose 45bps (YTD 5.76%) on strong breadth (50 gainers, 16 losers). Banking, consumer stocks led gains. GTCO, ETI, and VITAFOAM were top movers. Trading value jumped 34% to $11.57m.
Foreign Exchange
High FX demand met limited supply; exporters provided main inflows. USD/NGN traded between ₦1,605.01–₦1,615.00, with the naira weakening 12bps to ₦1,608.6036.
Commodities
Oil prices dipped as markets eyed U.S.-China trade talks. Brent fell 1.14% to $61.44, WTI 1.12% to $58.43. Gold dropped 1.3% amid stronger dollar and Fed policy caution.
