System Liquidity
Market liquidity stood at ₦2.03 trillion, easing funding costs as the OPR held at 24.50% and the overnight rate fell to 24.90%.
Treasury Bills
The Treasury bill market started the week mildly bearish due to declining system liquidity, with mixed yield movements on long-dated bills and the average benchmark yield rising slightly by 1 basis point to 16.07%.
FGN Bonds
The FGN bond market was quiet as the DMO announced Q4 2025 re-openings of AUG 2030 and JAN 2032 bonds; the average yield stayed at 15.98%.
Eurobonds
The African Eurobond market started the week bullish, with Nigerian yields dropping 7bps to 7.90% amid rising oil prices despite ongoing U.S.–China trade tensions.
Nigerian Equities
The Nigerian equities market rose to a record high, driven by strong performances in key stocks and sectors, despite a slightly negative market breadth; turnover increased nearly 20%, supported by heavy block trades.
Foreign Exchange
he Naira weakened by 16bps to close at ₦1,457.51/$, trading between ₦1,448.00 and ₦1,463.50, while Nigeria’s external reserves increased by $13.4 million to $42.59 billion.
Commodities
Oil prices rose on easing U.S.-China trade tensions ahead of a planned meeting, while gold hit a record high on trade worries and expectations of U.S. rate cuts.
