Nigeria’s fixed-income market recorded a sharp increase in trading activity last week, with transactions climbing to N10.51 trillion as investors continued to position themselves for attractive yields. The figure represents a significant rise from the N8.09 trillion recorded in the previous week, highlighting growing activity across the market.
Data from the Central Bank of Nigeria (CBN) showed that 2,512 trades were executed in the week ended August 21, 2026, compared with 2,022 trades recorded a week earlier. Open Market Operations (OMO) bills remained the clear favourite among investors, accounting for 72.6 per cent of total transaction value, or about N7.63 trillion.
Treasury Bills followed with N1.46 trillion, representing 13.9 per cent of total trades, while Federal Government of Nigeria (FGN) Bonds accounted for N1.41 trillion, or 13.4 per cent. Sukuk remained the least-traded instrument, with transactions valued at N8.03 billion, down from N12 billion recorded in the preceding week.
The increase in trading was also reflected in the number of transactions. OMO bills recorded 1,064 trades, up from 920, while FGN Bonds jumped to 800 trades from 326. Treasury Bills, however, fell to 642 trades from 773, while Sukuk transactions doubled from three to six. A total of 29 participants took part in the market during the week.
Meanwhile, yields moved in different directions across the various instruments and maturities. OMO yields ranged from 21.76 per cent to 19.87 per cent, while Treasury Bills recorded yields of 16.84 per cent and 20.76 per cent across the maturities shown. FGN Bond yields ranged from about 14.70 per cent to 17.82 per cent, with the 27-year bond closing at 14.70 per cent. The strong trading volumes suggest that investors remain keen on fixed-income assets as they weigh available returns across different maturities.
source: Leadership
