System Liquidity

Ample liquidity persisted despite ₦660bn CCS repayment and ₦267bn net NTB settlement. Rates held steady at 26.5%. FAAC approved ₦2.225trn distribution, with ₦1.415trn expected in markets.

Treasury Bills

Bills traded bullish; strong demand for 17-Sep bill at 16.15/15.60%. OMO activity on 7-Apr, 17-Feb. Benchmark NTB mid-rate fell 43bps to 16.12%.

FGN Bonds

Market calm with limited activity; selective demand in mid-dated bonds (2032s, 2033s). Average mid-yield dipped 3bps to 16.25%.

Eurobonds

Fed’s 25bps cut failed to lift sentiment; Powell’s caution weighed. Mixed U.S. jobs data added pressure. Nigerian Eurobond yields rose 13bps to 7.87%.

Nigerian Equities

ASI rose 16bps to 142,263.07; YTD +38.22%. GUINNESS +10% drove Consumer Goods; ZENITHBANK results pressured Banking. Value traded fell 65.94% to $5.59m.

Foreign Exchange

Naira weakened 0.33% to ₦1,498.98/$ amid strong demand. CBN intervened; trading ranged ₦1,487–₦1,510. Reserves rose $109.81m to $41.95bn.

Commodities

Oil slipped on U.S. economic concerns; Brent $67.32, WTI $63.39. Gold retreated from record, down 0.4% at $3,643.40 as profit-taking set in.