Fixed-income Trading Hits N41.07trn as FGN Bond Transactions Jump 51.6%
Nume Ekeghe Trading activity in Nigeria’s fixed-income market strengthened in September, with the face value of transactions rising by 12.1 per cent to N41.07 trillion, from N36.62 trillion recorded in
In September, Nigeria's fixed-income market witnessed a significant surge in trading activity, with the face value of transactions increasing by 12.1 per cent to N41.07 trillion. This growth was primarily driven by a rise in transactions related to FGN bonds, which saw a 51.6 per cent increase in face value traded, reaching N6.96 trillion.
The number of FGN bond trades also jumped from 2,471 to 3,889, contributing significantly to the month-on-month expansion in fixed-income activity. Treasury bills and Sukuk also experienced increases in both face value traded and the number of trades, although at a more modest pace. The overall market recorded 11,652 trades worth N41.07 trillion in September, representing a 51.6 per cent increase from the previous month.
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