FMDA’s Weekly Market Report May 11, 2026

Weekly Market Insights: Global Trends and Local Implications

• System liquidity improved last week, supported by sizeable maturities that pushed average liquidity to N6.29 trillion.
• Looking ahead, about N1.13 trillion is expected from maturing securities this week, largely driven by OMO maturities (89%).
• Oil prices declined by 5.85% on average to $105.39, supported by optimism around a potential ceasefire between Iran and the U.S.
• The naira appreciated, with NFEM turnover rising by 4.54% to $2.11 billion, indicating improved FX liquidity and market activity.
• Fixed income yields were mixed, as bond yields moderated while Treasury bill yields edged higher across most maturities.

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