FINANCIAL MARKETS TODAY – 11 November 2026
By Loveth Oladele Daily Market Report Nov 11, 2026

FINANCIAL MARKETS TODAY – 11 November 2026

System Liquidity: Financial system liquidity staged a recovery, expanding +9.33% to ₦4,871.00 billion, while interbank funding rates recorded mixed movements with the overnight rate edging up 7 bps to 20.32%.

Treasury Bills Market: Primary Nigerian Treasury Bill yields recorded mixed, marginal adjustments, led by the 91-day paper ticking up 2 bps to 17.50% and the 180-day and 365-day bills easing 1 bp each to 17.72% and 18.70%, respectively.

FGN Bonds Market: FGN secondary bond yields traded on a mixed note, featuring selling pressure on the short-dated FGN 3 paper pushing yields up 30 bps to 16.50%, alongside buying interest compressing the FGN 10 yield by 25 bps to 16.60%.

Equities Market: Bearish sentiment persisted as the Nigerian All-Share Index (NGX-ASI) declined by -0.18% to 251,861.23 points (YTD +61.85%), pressured by sustained sell-offs in the Banking sector (-0.60%).

Foreign Exchange Market: In the official NAFEM window, USD/NGN rose +0.55% to ₦1,358.34/$, whereas parallel market exchange rates remained completely flat across all major currency pairs with USD/NGN holding steady at ₦1,415.00/$.

Eurobonds Market: Bullish sentiment returned to the Nigerian sovereign Eurobond market with mild yield compression, led by a 6 bps fall in the FGN EURO 3 yield to 5.90%.

Commodities Market: Global commodities recorded divergent performance as crude oil rebounded +2.88% to $94.09 per barrel, while gold extended its downward drift, easing -0.66% to $4,009.50 per ounce.

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