System Liquidity
₦184.75bn NTB maturities boosted interbank liquidity; rates stayed stable at 26.5%, with OPR at 26.50% and ON rate unchanged at 26.96%.
Treasury Bills
T-bills market was quiet with low activity; selective demand for Mar and Apr OMO bills persisted, though wide bid-ask spreads kept volumes muted. Benchmark mid-rate closed at 17.23%.
FGN Bonds
Bonds traded quietly but bullish, with activity in 2027s, 2029s, 2031s, and 2033s. Average mid-yield slipped 2bps to 16.49%.
Eurobonds
African Eurobonds gained as CPI rose to 2.9% y/y, reinforcing Fed cut bets despite higher consumer costs. Nigerian yields fell 6bps to 7.84%.
Nigerian Equities
Nigerian equities advanced 21bps; breadth strongly bullish with 40 gainers versus 12 losers. GUINNESS, LIVINGTRUST, and CILEASING topped gainers, while NEM declined most. Turnover fell 69.56% to $8.22m.
Foreign Exchange
Naira weakened 0.08% to ₦1,502.13/$. Gross reserves rose to $41.62bn, up $28.74m.
Commodities
Oil prices fell nearly 2% on U.S. demand and oversupply worries. Gold steadied near record highs on soft jobs data supporting Fed cut expectations.
