System Liquidity
OMO maturities boosted interbank liquidity, driving rates lower. OPR fell 5.60% to 26.50%, and O/N declined 5.40% to 27.00%.
Treasury Bills
Market stayed quiet ahead of the NTB auction, with light trades in short NTBs and select OMO. Stop rates rose slightly on 91-day (15.35%) and 364-day (17.44%) papers.
FGN Bonds
Bond trading was muted with limited offers around 17.20–17.50% on select maturities. The yield curve slipped 2bps to 16.98%.
Eurobonds
African Eurobonds declined as Fed minutes signaled limited dissent on holding rates. Nigerian yields rose 10bps, averaging 8.19%.
Nigerian Equities
Equities dipped 73bps, though still up 37.54% YTD. Breadth was negative with 50 losers vs 18 gainers. Banking and consumer sectors led declines, while oil & gas saw mild support from OANDO.
Foreign Exchange
The naira weakened on stronger FX demand and limited supply, closing at ₦1,536.73/$ after trading between ₦1,534/$–₦1,538.50/$.
Commodities
Oil climbed nearly 2% as U.S. crude inventories fell sharply. Brent settled at $66.81, WTI at $63.30. Gold rose 0.9% to $3,344.37 as dollar weakness supported demand.
