FRI SEPT 11 2026-theGBJournal| Banking system liquidity tightened Thursday, settling at ₦2.89 trillion net positive, following the settlement of the NTB auction conducted Wednesday.
Consequently, the Overnight rate increased by 6bps to 22.31%, while the Nigerian Overnight Financing Rate (NOFR) and Open Repo rate remained unchanged at 22.00%.
Meanwhile, the FGN Bond market closed on a bearish note, driven by sustained sell pressure.
Specifically, the market saw a mixed trade as yield at the short end of the curve advanced marginally, the mid-segment saw a slight decline while the long end remained relatively muted. Consequently, the overall average yield advanced marginally to 16.54%, from 16.52% in the previous session.
The Nigerian Treasury Bills (NTB) market continued to witness mild bullish performance, with gains concentrated at the short and mid ends of the curve. With that, average yield fell slightly to 18.72%, from 18.73% in the previous session.
The Nigerian Eurobond market continued to weaken, as selloffs persisted across the curve. Hence, average yield increased to 6.99% from 6.92%.
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