System Liquidity

Liquidity rose 5.24% to ₦4.05 trillion on a ₦283.78 billion NTB maturity inflow, with SDF placements at ₦3.58 trillion. The Overnight Rate eased 2bps to 22.10%, while NOFR and OPR held at 22.00%.

Treasury Bills

Trading was quiet, with demand in the new 29 Jul 2027 bill and gains of 20–40bps across select Oct 2026 and Jan 2027 papers. Average yields eased 1bp to 18.10%.

FGN Bonds

Activity centred on the 2035 and 2038 maturities, with FGN JAN 2035 up 10bps to 17.21% and APR 2037/JUN 2038 each 6bps higher at 17.22% and 17.17%. The average yield edged 1bp to 16.80%.

Eurobonds

The average benchmark yield moved 2bps to 6.94%, with the 2027 maturity outperforming (-11bps) and the 2029–2038 segment selling off 3–9bps. Caution ahead of U.S. payrolls and firmer Treasury yields capped demand.

Nigerian Equities

The ASI and market cap both gained 0.12%, closing at 245,209.34 (+297.10 points) and ₦158.28 trillion (+₦191.78 billion). Participation thinned — volume down 35.47% to 531.77 million units, value down 19.68% to ₦20.46 billion, on breadth of 24 gainers vs 35 losers.

Foreign Exchange

The naira slipped 8bps (₦1.03) to ₦1,364.88/US$ officially while holding at ₦1,420.00/US$ in the parallel market. Reserves rose $56.68 million to $52.00 billion.

Commodities

Gold eased 0.29% to $4,234.56/oz as rebounding oil revived inflation concerns. Brent rose 5.02% to $83.44/bbl and WTI 4.01% to $78.24/bbl on Strait of Hormuz tensions.