System Liquidity
System liquidity fell by ₦151.1 billion from ₦313.9 billion, pushing OPR and O/N rates up by 228bps and 240bps to 28.70% and 29.40%, respectively.
Treasury Bills
The NTB market closed bearish, with average yield rising 2bps to 17.90% as liquidity pressures pushed the 06 Nov 2025 bill up 6bps to 16.79%, while the 06 Aug 2026 dipped 1bp to 19.49%.
FGN Bonds
The FGN bond market was quiet, with mid-tenor activity dominating. Average yield edged down 1bp to 16.51% as the 2032 and 2033 papers fell 4bps and 12bps, while the 2031 and 2053 rose 7bps and 8bps, respectively.
Eurobonds
Africa Eurobonds opened cautiously as investors awaited U.S. CPI data. Sentiment turned bullish after the print came in at 2.7%, below expectations of a tariff-driven rise. Consequently, Nigeria’s average yield fell by 6 bps to 7.92%.
Nigerian Equities
The NGX-ASI rose 0.12% to 146,055.16 points, driven by gains in WAPCO and Insurance stocks, despite profit-taking in select Banking and Consumer Goods tickers. Market breadth was positive at 49 gainers to 29 losers.
Foreign Exchange
The Naira appreciated at the Nigerian interbank NAFEM, with the USD/NGN rate trading between ₦1,543.00 and ₦1,535.90 before closing at ₦1,536.85, up 10 bps. As of August 8, 2025, Nigeria’s gross foreign reserves stood at $40.29 billion, up $132.74 million from the previous session.
Commodities
Oil prices fell on weaker demand outlook and ahead of the U.S. EIA report, with Brent down $0.50 to $66.13/bbl and WTI off $0.88 to $63.08/bbl. Gold rose slightly as U.S. inflation data bolstered Fed rate cut expectations, with spot gold up 0.14% to $3,347.75/oz and futures up $0.70 to $3,399.70.
