System Liquidity
Market liquidity held at ₦3.47 trillion despite ₦339.34 billion outflow, with stable funding costs (OPR 24.50%, O/N 24.85%).
Treasury Bills
The T-bill market traded bullish as strong post-auction demand followed the ₦570 bn DMO allotment; yields fell on most papers, with the 1-year bill at 15.50%, bringing the average benchmark yield down 34 bps to 15.88%.
FGN Bonds
The FGN bond market closed mixed but leaned bullish, with mid- and long-end yields mostly falling; strong demand at the long end eased the average benchmark yield 4 bps to 15.82%.
Eurobonds
The African Eurobond market gained on dovish Fed signals, while Nigerian Eurobond yields remained flat at 7.79%.
Nigerian Equities
The Nigerian equities market stayed bullish, with the NGX-ASI up 33bps to 146,204.31 points and market cap at ₦92.73 trillion, led by DANGCEM, GTCO, MTNN, and WAPCO; turnover surged 101.5% to ₦27.43 bn, while sectoral gains were seen in Banking, Industrial Goods, Insurance, and Consumer Goods.
Foreign Exchange
The Naira strengthened 27 bps to ₦1,466.66/USD, trading between ₦1,472.00–₦1,463.50, while Nigeria’s external reserves reached $42.57 billion.
Commodities
Global oil and gold prices fell after Israel and Hamas agreed to a ceasefire, with Brent at $65.12/bbl, WTI at $61.43/bbl, and spot gold below $4,000 at $3,976.69/oz.
