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Fixed-income markets ended the week ended October 23, 2026 with average FGN bond yields up 1bp to 16.4% and average Treasury bill yields down 4bps to 18.2%, as system liquidity strengthened to N6.66trn.

FMDQ exchange turnover reached N551.23 trillion in the first nine months of 2026, about $403.08bn, with FX and OMO instruments accounting for nearly two-thirds of an average daily N3.03trn.

The Central Bank of Nigeria is mopping up excess cash to keep money-market conditions tight, supporting the naira and inflation but keeping borrowing costs elevated.