System Liquidity
Interbank liquidity fell by ₦732.2bn to ₦5.39tn on heavy OMO settlements and lower DMB deposits, though OPR stayed flat at 24.50% while ON inched down to 24.87%.
Treasury Bills
The NTB market was quiet with a mild bullish tone ahead of tomorrow’s auction, as the benchmark mid-rate closed at 16.41%.
FGN Bonds
The FGN bonds market traded quietly with a bullish bias, as modest demand in select maturities drove the average mid-yield down by 21bps to 16.06%.
Eurobonds
African Eurobonds closed bearish on risk-off sentiment from the U.S. government shutdown, with Nigerian Eurobond mid-yields inching up 2bps to 7.80%.
Nigerian Equities
The Nigerian equities market gained 12bps to 144,995.26 points, with YTD returns at 40.87%. Positive breadth (39 gainers vs. 33 losers) was led by CORNERST (+9.92%), while LIVINGTRUST (-10.00%) lagged. Sectoral performance was mixed, with gains in Insurance, Industrial Goods, and Consumer Goods offset by declines in Banking and Oil & Gas. Market activity saw volume dip 2.41% to 507.41m units, while value jumped 66.96% to ₦24.29bn on notable cross deals.
Foreign Exchange
The naira weakened slightly in the interbank NFEM, closing at ₦1,471.09/$ (-6bps), while CBN reserves rose by $102.45m d/d to $42.54bn (Oct 6, 2025).
Commodities
Oil prices inched higher on expectations of a smaller OPEC+ output hike, with Brent at $65.77 (+0.46%) and WTI at $62.07 (+0.62%), while gold hit a record above $4,000/oz on strong safe-haven demand before easing slightly.
