System Liquidity

System liquidity remained healthy, supported by ₦29.34bn coupon inflows, leading to a slight moderation in funding rates, while liquidity conditions are expected to keep interbank rates broadly stable in the near term.

FGN Bonds

Domestic bond yields declined as sustained buying interest across the curve, particularly at the short- and mid-tenor segments, supported market activity, with investor demand expected to remain firm.

Eurobonds

Nigerian Eurobonds traded under mild selling pressure as higher U.S. Treasury yields and profit-taking weighed on investor sentiment, with market direction expected to remain driven by global interest rate expectations.

Nigerian Equities

The market rebounded on renewed buying interest in banking stocks and bargain hunting across mid- and large-cap equities, with positive sentiment expected to persist amid improving earnings expectations.

Foreign Exchange

Global equities retreated as investors remained cautious ahead of key economic data releases and central bank policy decisions, with market sentiment expected to remain sensitive to earnings and macroeconomic developments.

Commodities

Brent crude surged on renewed geopolitical supply concerns, while gold retreated on profit-taking, with commodity prices expected to remain volatile amid geopolitical developments and interest rate expectations.