THUR SEPT 17 2026-theGBJournal| The banking system swung further into surplus on Wednesday, settling at N5.89 trillion net positive, as primary-market repayments boosted system liquidity.
The improved funding position pushed the overnight (O/N) rate down 2bps to 22.19%, while the Open Repo Rate (OPR) and Nigerian Overnight Financing Rate (NOFR) held steady at 22.00%.
In the Treasury bill secondary market, trading was subdued but retained a bullish bias, with the average yield easing 1bp to 18.8%.
Yields declined by 1bp across the short, mid and long segments, led by buying interest in the 92DTM (-1bp), 120DTM (-2bps) and 351DTM (-3bps) bills.
The bullish tone was more pronounced in the OMO segment, where the average yield fell 17bps to 20.1%.
The FGN bond market was unchanged, with the average yield holding at 16.3% as activity remained muted.
In the Eurobond market, sustained demand across the curve supported a firmer close, with the average yield declining 3bps to 7.14%, from 7.17% in the previous session.
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