FMDA’s Weekly Market Report

KEY INSIGHTS ACROSS GLOBAL AND DOMESTIC MARKETS.

• Global sentiment was shaped by cautious monetary easing signals and moderating inflation, while Nigeria’s Eurobond oversubscription underscored renewed investor confidence.
• Domestically, liquidity improved on net inflows from CBN operations, though funding rates remained elevated. The yield curve steepened as long-term yields rose amid inflation concerns, even as equities closed the month lower by 2.99% following broad sell-offs.

We expect liquidity to improve further in the coming week, supported by N1.30 trillion in maturing instruments, which could influence short-term rate dynamics.

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