Nigeria’s fixed-income market recorded a major milestone as total trading volume surged past the N1 trillion mark, reaching N1.06 trillion in a single trading day, according to data released by the Central Bank of Nigeria (CBN).
The massive turnover was driven by strong investor demand for Treasury Bills, Open Market Operation (OMO) Bills, and Federal Government bonds, highlighting growing participation in the country’s debt market.
Treasury Bills dominated market activity, accounting for the largest share of transactions with 340 trades worth N668 billion, as investors continued to lock in attractive yields on short-term government securities.
CBN OMO Bills also attracted significant interest from institutional investors, recording N224.4 billion in trading volume across 43 deals. Some short-term OMO instruments offered yields as high as 22 percent, making them among the most attractive assets on the market.
Meanwhile, the Federal Government bond segment generated N170.36 billion from 168 trades, with investors showing stronger interest in medium-term bonds over longer-dated securities.
Data from the CBN showed that a February 2031 FGN Bond emerged as the most actively traded bond, attracting over N76 billion in transactions.
Overall, the market recorded 551 trades involving 25 market participants, reflecting robust liquidity and strong investor confidence in fixed-income instruments amid prevailing economic conditions.
Analysts say the surge in activity highlights investors’ appetite for high-yield government securities as they seek safer investment options and attractive returns.
Source: Central Bank of Nigeria (CBN)
