
FINANCIAL MARKETS TODAY – 09 November 2026
System Liquidity: Financial system liquidity experienced a sharp contraction of 28.38% at the start of the week to ₦6,091.12 billion, while interbank funding costs remained completely steady with the overnight rate holding flat at 20.20%.
Treasury Bills Market: Primary NTB yields displayed mixed movements with the 180-day paper repricing upward by 66 bps to 17.74%, the 365-day paper ticking down to 18.72%, and the 91-day tenor holding unchanged at 17.52%.
FGN Bonds Market: Secondary bond yields traded flat to slightly bullish with yield compression led by the 5-year paper dropping 25 bps to 16.55% and the 7-year note easing 11 bps to 16.69%.
Equities Market: The Nigerian All-Share Index (NGX-ASI) rebounded strongly by +1.44% to 252,456.88 points (YTD +62.23%), driven primarily by a +5.68% surge in the Industrial Goods sector.
Foreign Exchange Market: In the official NAFEM segment, the Naira edged down slightly against major currencies with USD/NGN rising 0.19% to ₦1,349.34/$, while parallel market rates showed some recovery for cross-rates even as USD/NGN ticked slightly higher to ₦1,420.00/$.
Eurobonds Market: Nigerian sovereign Eurobonds maintained a firmly bullish posture with broad-based yield compression, led by a 17 bps tightening in the FGN Euro 3 paper to 5.79%.
Commodities Market: Global commodities extended divergent paths as gold prices rose 1.83% to $4,149.65/oz, while crude oil faced intense downward pressure, plunging 6.33% to $92.10 per barrel.
