System Liquidity
OMO maturities worth ₦985.88bn boosted system liquidity, easing funding pressures. Interbank rates declined, with OPR and O/N settling at 26.50% and 26.92%, respectively.
Treasury Bills
Trading was mixed, with demand focused on short-tenor OMO bills due January, while supply dominated mid-to-long tenor NTBs. The benchmark mid-rate remained stable, closing at 19.30%.
FGN Bonds
The local bond market saw selective interest in May 2033 and June 2053 maturities. Despite light activity, average yields remained unchanged, with the benchmark mid-yield holding firm at 18.52%.
Eurobonds
African Eurobonds traded mixed amid geopolitical tensions and soft U.S. data. Brent crude rallied 4% on supply concerns, while Nigerian Eurobonds held firm with yields steady at 9.06%.
Nigerian Equities
The ASI lost 30bps as banking and oil stocks declined. Despite gains in GTCO, MTNN, and WAPCO, weak market breadth and sectoral pressures dragged overall sentiment, trimming YTD return to 11.64%.
Foreign Exchange
The Naira remained relatively stable, trading within $/₦1,541.00–₦1,547.90. It closed slightly weaker, depreciating by 4bps to $/₦1,545.2650 at the end of the session.
Commodities
Oil surged over 4% as U.S.-Iran tensions escalated. Brent and WTI rose sharply. Gold prices were steady, with safe-haven demand offset by dollar strength. Spot gold edged to $3,390.29 per ounce.
