Nigeria’s fixed income market recorded transactions worth N5.32 trillion in the week ended July 17, 2026, with Treasury Bills leading trading activity by volume as investors continued to favour high-yield government securities.
Data from the Fixed Income Dashboard showed that 1,884 trades were executed across Treasury Bills, Open Market Operation (OMO) Bills, Federal Government (FGN) Bonds and Sukuk instruments during the review period.
Treasury Bills accounted for the highest number of transactions, with 852 trades valued at N1.67 trillion involving 26 market participants, reflecting sustained demand for short-term government securities.
Although Treasury Bills dominated by transaction volume, OMO Bills recorded the highest traded value.
The market registered 499 OMO Bill trades worth approximately N2.85 trillion, with 18 participants, highlighting strong institutional demand for the Central Bank of Nigeria’s liquidity management instruments.
Trading in FGN Bonds also remained active, with 531 transactions valued at N794.58 billion executed by 22 participants, indicating continued investor interest in medium- and long-term government debt.
Sukuk securities recorded the least activity during the week, with just two trades worth N4 million involving a single participant.
Yields remained elevated across the fixed income market.
OMO Bills closed with yields of about 21.15 per cent on shorter tenors and 20.62 per cent on longer maturities, maintaining their position among the highest-yielding government securities.
FGN Bond yields traded between 17.25 per cent and 19.00 per cent, reflecting the Central Bank’s tight monetary policy aimed at curbing inflation and supporting exchange rate stability.
Across the broader sovereign debt market, closing yields ranged from 16.06 per cent to 20.90 per cent, underscoring investors’ continued demand for attractive returns across both short- and long-term instruments.
The market performance suggests investors are maintaining strong exposure to fixed income assets as elevated yields continue to outperform many alternative investment options, with expectations that monetary policy will remain restrictive in the near term.
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