System Liquidity

Market liquidity improved to a ₦1.8 trillion surplus, easing funding costs slightly as OPR held at 24.50% and O/N dipped to 24.84%.

Treasury Bills

The NTB market traded quietly with a bullish tone, as stronger demand led to a 38bps drop in the 26-Mar-26 yield and a 3bps dip in the average benchmark rate to 16.04%.

FGN Bonds

The FGN bond market traded calmly amid mixed sentiment, with early demand on the 2031s at 16.07% and the average benchmark yield edging down 1bp to 15.99%.

Eurobonds

The African Eurobond market traded bullishly on improved sentiment and dovish signals, pushing Nigerian Eurobond yields down by 12bps to an average of 7.82%.

Nigerian Equities

The Nigerian bourse closed positive as the ASI gained 41bps to reach +44.14% YTD, driven mainly by gains in DANGCEM, WAPCO, FIRSTHOLDCO, and NESTLE, while market activity was dominated by large crosses across key names like GTCO, ACCESSCORP, and ARADEL.

Foreign Exchange

The Naira appreciated by 15bps to ₦1,471.03/$, while external reserves rose by $17.75 million to $42.63 billion as of October 14, 2025.

Commodities

Global oil prices held lower as markets weighed the impact of a potential halt in India’s Russian oil imports, while gold surged to a record high for the fourth straight session on safe-haven demand amid U.S.-China tensions and rate cut expectations.