System Liquidity

Liquidity remained strong, keeping rates stable at 26.5%. OPR stayed at 26.50%, while the Overnight rate eased 4bps to 26.92%.

Treasury Bills

T-bills traded quietly with mild bullish tone. Interest focused on Jan–Apr OMO bills, though volumes stayed light. Benchmark NTB mid-rate dipped 2bps to 17.21%.

FGN Bonds

Bonds held bullish tone with mild mid-dated demand. The 2031s traded at 16.80% and 2033s at 16.55%. Average yield declined slightly, closing 1bp lower at 16.46%.

Eurobonds

African Eurobonds traded bullish on Fed cut expectations and ongoing U.S.–China trade talks. Nigerian papers strengthened, with average yields falling 5bps to 7.78%.

Nigerian Equities

Equities gained 79bps, lifting ASI to 141,659. YTD returns hit 37.63%. Consumer goods outperformed, banking mixed, Oil & Gas fell. Turnover rose nearly 49% on block trades in GEREGU and UACN.

Foreign Exchange

The naira strengthened 0.27% to ₦1,497.47/$, trading between ₦1,493–₦1,502. Reserves rose by $34.76m to $41.69bn.

Commodities

Brent rose 45 cents to $67.44, WTI gained 61 cents to $63.30 on Russian refinery attacks. Gold surged 1.1% to $3,680.80, near record highs, ahead of Fed decision.