System Liquidity
Liquidity rose to ₦6.57trn on OMO inflows and higher DMB deposits, keeping the OPR steady at 24.50% while the OVN rate slipped to 24.92%.
Treasury Bills
The NTB market rallied on strong liquidity and bond PMA sentiment, with the 03 Sept 2026 paper driving yields lower; benchmark NTB yield fell 8bps to 16.32%.
FGN Bonds
The FGN bond market strengthened after the September PMA, where ₦576.62bn was allotted across the 2030 and 2032 papers, as strong demand drove yield repricing. As a result, the average benchmark yield dipped 4bps to 16.20%.
Eurobonds
The African Eurobond market was mixed on oil, OPEC+, and weak UK GDP data, with Nigerian yields up 3bps to 7.80%.
Nigerian Equities
The Nigerian equities market gained, with NGX-ASI up 23bps amidst price rally in ARADEL; Market breadth stayed negative. FIDELITYBK led trading, while Oil & Gas (+3.66%) was the only advancing sector as others declined.
Foreign Exchange
The naira inched up 7bps to ₦1,475.35/USD, trading within ₦1,470–₦1,480. Gross reserves rose to $42.33bn, up $70.27m from the prior day.
Commodities
Oil prices eased on supply concerns, with Brent at $67.02 (-0.10%) and WTI at $62.50 (-1.50%). Meanwhile, gold rallied near record highs, as shutdown fears and weak jobs data boosted Fed rate-cut bets, lifting spot to $3,853.86 (+0.55%) and futures to $3,887.37 (+0.68%).
