馃嚦馃嚞NigeriaWest Africa
Nigerian fixed-income market trading volume surpasses N1 trillion
via Punch Nigeria3 min read
The Nigerian fixed-income market experienced a significant increase in trading activity, with the total single-day trading volume exceeding N1 trillion. Data from the Central Bank of Nigeria's Fixed Income Dashboard on Thursday, June 4, 2026, showed market turnover reached N1.06 trillion across 551 trades, driven by strong demand for short-term government debt instruments. Nigerian Treasury Bills were the main contributor, accounting for over half of the total market volume with N668.01 billion across 340 trades and 24 participants. Activity in the NTB segment was concentrated in one-year tenors expiring in June 2027, with one instrument ISIN: NGT030306275 seeing a single transaction of N65 billion at a 19.09 percent closing rate. Other maturities closed with yields as high as 19.54 percent. The CBN鈥檚 Open Market Operations also attracted institutional players, with OMO Bills recording N224.41 billion across 43 trades and 11 participants. The shortest-term OMO bills, maturing on June 30, 2026, reached peak yields of 22.00 percent for a N56.2 billion block. In contrast, the Federal Government of Nigeria鈥檚 bond market showed a flattened yield curve, with investors preferring mid-term tranches. The FGN Bond segment saw 168 trades totaling N170.36 billion with 19 participating institutions. The most active FGN Bond was the February 2031 bond, clearing N76.26 billion at a 16.61 percent weighted average rate. The longest-dated instrument, the June 2053 FGN Bond, settled at a lower
Free daily or weekly digest of the most important stories from across 18 African countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Punch Nigeria.
Must ReadNigeria's domestic gas market experienced a 30% rise in sales between January 2022 and January 2025, driven by reforms under the Petroleum Industry Act 2021 and recent executive orders by President Bola Tinubu, according to a legal analysis by Tope Adebayo LP. The Lagos-based law firm stated that these reforms have enhanced regulatory clarity, fiscal attractiveness, and investor confidence in the gas value chain, despite ongoing infrastructure gaps and implementation challenges. Nigeria, possessing over 206 trillion cubic feet of proven gas reserves, has historically struggled to convert these resources into domestic energy due to underinvestment, weak infrastructure, and gas flaring. Domestic gas sales increased from 49.3bscf in January 2022 to 64.2bscf in January 2025. The PIA is described as a comprehensive reform that established a stronger foundation for domestic gas development through regulatory clarity, pricing liberalization, infrastructure support, and investment incentives. Structural reforms, including the creation of separate regulatory authorities, have improved oversight. The Domestic Gas Delivery Obligation framework, with its penalties for non-compliance, aims to boost supply to strategic sectors like power generation. Improvements in gas utilization and supply performance, along with reductions in gas flaring and the expansion of the Nigerian Gas Flare Commercialisation Programme, were also noted. The PIA introduced open-access provisions for infrastructure,
The Minister of Works, David Umahi, has defended the Federal Government's investment in road infrastructure, stating that President Bola Tinubu's four legacy highway projects are strategic economic corridors aimed at transforming agriculture, trade, and industrial development across Nigeria. Umahi announced the construction of what he described as the "longest flyover in Africa" near the Dangote Refinery axis of the Lagos-Calabar Coastal Highway. This flyover is designed to manage anticipated traffic congestion from industrial activities around the Lekki Deep Sea Port and the refinery. The minister made these remarks during the Renewed Hope Media Tour at the ongoing 1.3-kilometer Ndi-Egbe Bridge in Afikpo Local Government Area of Ebonyi State, which connects Ebonyi to Ugep in Cross River State. He noted that the first section of the Lagos-Calabar Coastal Highway is completed and ready for commissioning. The Ndi-Egbe Bridge project is approximately 45 percent complete and is expected to significantly improve connectivity between Ebonyi and Cross River states upon its completion in December 2026. Umahi acknowledged temporary setbacks at the bridge site due to funding delays and technical challenges from water currents, but assured that the President has directed payment to contractors. He emphasized that these road projects, which include the Lagos-Calabar project 750km, the Sokoto-Badagry Superhighway 1,068km, and the Calabar-Abuja Trans-Sahara Superhighway, are economic inves
Must ReadThe Christian Association of Nigeria CAN observed a nationwide Black Sunday to honor victims of insecurity across the country, describing the situation as a national tragedy. CAN President, Archbishop Daniel Okoh, stated the observance was to mourn those affected by violence, terrorism, kidnapping, and banditry. The association emphasized that the nation is bleeding and the church cannot remain silent. The observance coincided with Democracy Day, with CAN noting that security is central to Nigeria's democratic success. The organization expressed solidarity with affected families and urged all levels of government to take urgent measures to secure lives and property, highlighting that citizen protection is a sacred responsibility. CAN also called on churches and faith-based organizations to strengthen security measures and encouraged Nigerians to remain united in pursuit of peace and justice. In Borno State, Christians held a procession in Maiduguri, calling for an end to insecurity and abductions. Joshua Akeredolu, Secretary of the state CAN chapter, said the day was for prayer against insecurity and for leaders to find solutions. He lamented the kidnapping and killing of Christian faithful, including pastors, in the state. Apostle Joseph Okoroafor, Deputy Territorial Chairman of The Apostolic Church Nigeria, Umuahia Area, also stressed the need for Christians to pray for Nigeria and its leaders amid disheartening events.