System Liquidity

Market liquidity improved to ₦2.2 trillion on OMO maturities, slightly easing funding rates, with the OPR steady at 24.50% and the O/N rate closing at 24.87%.

Treasury Bills

The NTB market traded mixed, with the 8-Oct-2026 bill driving a slight 1bp rise in average yield to 16.07%

FGN Bonds

The FGN bond market was quiet with a bearish bias, as mid-tenor yields rose and short-dated yields dipped slightly, pushing the average benchmark yield up by 3bps to 16.01%.

Eurobonds

The African Eurobond market traded bearishly on weak sentiment driven by falling oil prices, pushing Nigerian Eurobond yields up by 4bps to 7.94%, despite dovish signals from Fed Chair Powell.

Nigerian Equities

The Nigerian equities market edged down by 0.004% to 147,710.96 points, ending a 12-day rally, as losses in the Banking and Oil & Gas sectors outweighed gains in large-cap stocks; market breadth was negative with 23 gainers and 36 losers, despite slightly positive overall sector performance.

Foreign Exchange

The Naira weakened by 39bps to ₦1,463.23/$, while external reserves rose by $43.0 million to $42.63 billion as of October 13, 2025.

Commodities

Global oil prices fell over 2% on Tuesday amid IEA warnings of a 2026 supply glut and escalating U.S.-China trade tensions, while gold hit a fresh record above $4,100/oz as investors sought safety and priced in a possible U.S. Fed rate cut this month.