System Liquidity

System liquidity remained in surplus at ₦3.79trn, though slightly lower w/w, as SDF placements declined; funding rates ticked higher with OPR at 22.50% and O/N at 22.79%, reflecting still-comfortable liquidity.

Treasury Bills

The NTB market was calm with muted activity; short-to-mid yields were largely unchanged, while longer-dated bills saw demand-driven yield declines, pulling the average benchmark rate 2bps lower to 16.23%.

FGN Bonds

FGN bonds traded mixed, with yield compression at short-to-mid tenors and selective selling at the long end, leaving the average benchmark yield flat at 16.65% amid cautious but orderly market activity

Eurobonds

African Eurobonds softened amid profit-taking, pushing yields modestly higher; Nigerian Eurobond yields rose across tenors, lifting the average benchmark yield by 5bps to 7.09% as sentiment turned cautious

Nigerian Equities

Equities closed positive as the ASI gained 0.55%, supported by strong consumer and selective banking stocks, improved market breadth, and higher traded value driven largely by block and cross trades.

Foreign Exchange

The Naira appreciated marginally to ₦1,442.51/$ on improved CBN supply, while external reserves rose to $45.28bn, supporting near-term FX stability driven by market supply-demand dynamics.

Commodities

Oil prices jumped over 2% on geopolitical tensions and supply-risk concerns, while gold retreated sharply on profit-taking after record highs, keeping commodity markets volatile in the near term.