Interbank liquidity worsened further, sinking deeper into negative territory, highlighting the ongoing liquidity crunch in the financial system. Hence, money market rates were further pressured as banks faced a huge liquidity deficit totalling N1.58 trillion, up from N1.064 trillion the previous day.

Equities investors gained about N505 billion in the stock market as BUA Foods, Eterna Plc, and others recorded positive price movements. Data from the Nigerian Exchange showed year-to-date return advanced amidst a sharp decline in headline inflation.