System Liquidity
Market liquidity rose to ₦6.12 trillion, keeping OPR stable at 24.50% and OVN slightly lower at 24.88%.
Treasury Bills
The NTB market opened the week bullish, with strong demand driving rates down across maturities and the average yield falling 9bps to 16.41%.
FGN Bonds
The FGN bond market was quiet with limited activity, as mid-tenor yields inched slightly due to the JUN-2032 paper, while the 20-Mar-2027 dipped 2bps to 16.70%, leaving the average yield steady at 16.27%.
Eurobonds
The African Eurobond market was largely bearish as risk-off sentiment pushed yields higher across most maturities, except the Nigeria 2025 bond, which fell 5bps to 5.36%; overall, Nigerian Eurobond yields rose 8bps to 7.78%.
Nigerian Equities
The Nigerian equity market opened the week bullish, gaining 0.86% to close at 144,822.78 points, driven by strong interest in MANSARD, SEPLAT, MTNN, and GTCO, while sector performance was broadly positive despite lower trading turnover.
Foreign Exchange
The Naira weakened by 316bps to ₦1,471.26 per USD, trading between ₦1,475.50 and ₦1,464.00, while Nigeria’s external reserves rose by $88.4 million to $42.44 billion as of October 3, 2025.
Commodities
Global oil prices rose about 1% after a smaller-than-expected OPEC+ output hike eased supply concerns, while gold surged to a record high above $3,900/oz on rising Fed rate-cut expectations and global economic uncertainty.
