System Liquidity

Market liquidity fell to ₦2.3 trillion, driven by lower SDF balances, while funding rates held steady at 24.50% (OPR) and 24.84% (O/N).

Treasury Bills

The NTB secondary market saw a buy-side bias supported by ample liquidity, with subdued activity on the 8-Oct-2026 bills, while the average benchmark rate declined 3bps to 16.06%.

FGN Bonds

The FGN bond market traded cautiously, with yields mostly higher, lifting the average benchmark yield 2bps to 15.94%.

Eurobonds

The African Eurobond market saw mixed to bearish trading on profit-taking, lifting the average Nigerian Eurobond yield 1bp to 7.40%.

Nigerian Equities

The Nigerian equities market extended profit-taking, with the ASI down 38bps, led by gains in OANDO and losses in CADBURY, CHAMS, and INTBREW, while total value traded surged 137% to $24.27 million amid mixed to negative sentiment.

Foreign Exchange

The Naira gained 26bps to close at ₦1,436.97/$ on stronger supply supported by local and foreign inflows, while Nigeria’s external reserves remained at $43.1 billion.

Commodities

Global oil prices rose on Thursday amid hopes for a U.S.-China trade truce, with Brent up 0.93% to $64.92/bbl and WTI up 0.03% to $60.46/bbl, while gold gained around 2% to $4,023.97/oz on a Fed rate cut and ongoing trade uncertainties.