Fixed-income Market Records N10.51tn Turnover as OMO Bills Lead Trading
Nume Ekeghe Trading at Nigeria’s fixed-income market recorded N10.51 trillion in turnover in the week ended August 23, 2026, with OMO bills accounting for more than two-thirds of the activity
In the week ending August 23, 2026, Nigeria's fixed-income market saw an impressive turnover of N10.51 trillion, with over two-thirds of the activity driven by OMO bills. According to the fixed-income dashboard, a total of 2,512 trades were recorded across OMO bills, Treasury bills, FGN Bonds, and Sukuk. OMO bills led the trading activity with 1,064 deals valued at N7.63 trillion, accounting for approximately 73% of the total turnover.
FGN Bonds followed with 800 trades worth N1.41 trillion, while Treasury bills recorded 642 trades valued at N1.46 trillion. Sukuk, the least active instrument, saw only six trades valued at N8.03 billion. The week's figures indicate sustained investor interest in short-term government securities, particularly OMO bills. A total of 29 participants took part in the market, with OMO bills and Treasury bills each attracting 26 participants, FGN Bonds with 22 participants, and Sukuk with 3 participants.
The OMO market closed at a yield of 21.76%, while FGN Bond yields ranged from 15.80% for the two-year maturity to 17.82% for the eight-year maturity. Overall, the N10.51 trillion turnover signifies a highly active week for the fixed-income market, with trading heavily concentrated in OMO bills.
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