FMDA’s Weekly Market Report June 22, 2026
Weekly Market Insights: Global Trends and Local Implications
- Average system liquidity declined significantly by 13.69% last week, as the CBN withdrew an estimated N1.49 trillion through Treasury bill auctions, while lower maturities limited liquidity injections into the financial system.
- Looking ahead, liquidity conditions are expected to improve, with about N3.39 trillion projected from maturing securities this week. OMO maturities account for approximately 86% of the expected inflows.
- The naira appreciated marginally by 0.06% in the NFEM market to N1,361.46/$, supported by improved FX market turnover and sustained market liquidity.
- Oil prices declined sharply by 11.92% to an average of $80.42/bbl, as progress in U.S.-Iran negotiations eased concerns over supply disruptions and raised expectations of additional crude supply to the global market.
- Average external reserves continued to improve, supported by sustained investor confidence and the gradual receipt of proceeds from earlier crude oil exports.
- Global bond yields generally trended lower as easing geopolitical tensions between the U.S. and Iran improved risk sentiment and reinforced expectations of lower energy prices and softer inflation pressures.
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