FRI SEPT 25 2026-theGBJournal| Nigeria’s banking system liquidity rose to a net positive N6.90 trillion despite the recent Treasury bills auction settlement, supported by inflows from maturing securities.
The stronger liquidity position pushed the overnight rate 78 basis points lower to 20.98%.
The Nigerian Overnight Financing Rate was unchanged, while the Open Repo Rate eased to 20.80% from 21.00%.
In the Eurobond market, sentiment was weaker, with sustained selling pressure across the yield curve lifting the average yield to 7.19% from 7.08% in the previous session.
The Treasury bills market, however, traded on a firmer note, with the average yield falling 12bps to 18.3%.
Yields declined across the curve, with short-, mid- and long-tenor averages down 1bp, 1bp and 32bps, respectively.
Demand was concentrated in the 84-day, 182-day and 343-day bills, whose yields fell 1bp, 1bp and 81bps, respectively.
The average OMO yield also declined 1bp to 20.0%.
The FGN bond market extended its bullish tone, with the average yield declining 22bps to 15.6%.
Across the benchmark curve, short-, mid- and long-tenor yields fell 22bps, 28bps and 18bps, respectively, supported by buying interest in the April 2029, April 2032 and January 2042 bonds, which saw yields decline 35bps, 39bps and 35bps, respectively.
In contrast, the Nigerian Eurobond market closed on a bearish note as sustained selling pressure across the curve pushed the average yield higher to 7.19% from 7.08% in the previous session.
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