System Liquidity

Despite the ₦300B Sukuk bond settlement, interbank rates remained stable at 26.5%, with O/N ticking up slightly.

Treasury Bills

Market activity was subdued but focused on mid-to-long tenors, especially March/May NTBs and April/November OMOs. The NTB mid-rate remained unchanged at 19.40%.

FGN Bonds

Bond market was quiet, with selective trades in 2029s, 2031s, 2033s, and 2035s. Benchmark mid-yield closed flat at 18.62%.

Eurobonds

African Eurobonds rallied after the U.S. court nullified Trump-era global tariffs, but gains softened amid deficit concerns. Nigerian Eurobonds outperformed, with yields dropping 6bps to 9.49%.

Nigerian Equities

The ASI fell 8bps to 111,818.08, dragged by SEPLAT’s 10% drop. Gains in banks and consumer goods were offset by Oil & Gas losses. Trading value rose marginally.

Foreign Exchange

The Naira appreciated 29bps to ₦1,586.1520/$, supported by improved dollar liquidity and CBN intervention. The pair traded within a tight ₦1,584.50–₦1,590.70 range.

Commodities

Oil fell on IEA’s weaker China demand outlook and looming OPEC+ decision. Brent closed at $64.30, WTI at $61.17. Gold rose 0.9% to $3,319.22 on weak U.S. jobs data.