NTBs, FGN Bond Trading Surge 90%, 83% as Fixed-income Turnover Hits N8.9tn
Nume Ekeghe Trading in Nigeria’s fixed-income market strengthened last week, with activity in Treasury Bills and federal government bonds surging by 90.3 per cent and 83.1 per cent respectively, pushing
Nigeria's fixed-income market saw a significant surge in trading activity for Treasury Bills and federal government bonds last week, with transactions in these instruments increasing by 90.3% and 83.1%, respectively. This surge pushed total market turnover above N8.9 trillion, marking a 10% increase from the previous week. The growth in Treasury Bills was particularly strong, with traded value rising to N1.67 trillion, while FGN bonds also saw a notable increase in turnover to N2.18 trillion.
Despite a decline in Overnight Monetary Operations (OMO) bills, the overall market remained robust, with a broadening of activity across various fixed-income instruments.
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