System Liquidity
The interbank market opened the week firm, as liquidity improved from SDF and coupon inflows, keeping OPR and OVN steady at 26.5% and 26.95%.
Treasury Bills
The T-bills market traded bullish, led by strong demand in the 4-Dec and 6-Aug bills, while NTB mid-rate fell 4bps to 16.84%.
FGN Bonds
The FGN bonds market was mixed with light activity, as selective demand for 2029s and 2035s drove a 10bps decline in average mid-yield to 16.49%.
Eurobonds
African Eurobonds opened the week weaker, pressured by softer oil prices, with mid- to long-dated papers hit hardest. Nigerian Eurobond yields rose 6bps to 7.86%.
Nigerian Equities
The Nigerian stock market fell 24bps to 141,498.22 points, with weak breadth (22 gainers vs. 27 losers). Losses in Banking, Consumer Goods, Oil & Gas, and Insurance drove declines, while Industrials closed flat. Turnover rose 12.25% to ₦13.7bn, led by NB, ZENITHBANK, UNIVINSURE, UBA, and GTCO.
Foreign Exchange
The naira weakened 0.05% to ₦1,488.60 amid strong FX demand and thin supply, trading between ₦1,486.00–₦1,491.49. Gross reserves rose by $35.05m to $42.03bn (19 Sept 2025).
Commodities
Brent gained 0.8% to $66.57, WTI fell 0.4% to $62.64, while gold surged to a record high at $3,748.23 on rate-cut bets and safe-haven demand.
