FMDA’s Weekly Market Report June 8, 2026

Weekly Market Insights: Global Trends and Local Implications

• Average system liquidity improved by 4.59% to N4.66 trillion, despite the CBN’s liquidity management operations, supported by sizeable maturities during the week.
• Looking ahead, only N673.92 billion is expected from maturing securities this week, significantly lower than the N3.17 trillion projected for last week. OMO maturities account for about 87% of the projected inflows.
• The naira appreciated by 0.97% in the NFEM market to N1,361.21/$, supported by improved FX supply and continued market stability, as market turnover improved by more
• than 100%.
• Oil prices rebounded by 1.94% to an average of $95.38/bbl, as concerns over supply disruptions outweighed demand concerns.
• Average external reserves increased by 1.06% to $49.92 billion, continuing the recent upward trend amid improved FX inflows and stronger reserve accretion.
• Across global markets, bond yields generally trended higher, particularly in Kenya, South Africa and the United Kingdom, as investors remained cautious over inflation and interest rate expectations.

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