FGN Bonds Drive N1.16tn Turnover in Fixed Income Market

On June 19, 2026, the Federal Government of Nigeria (FGN) bonds dominated the fixed income market, achieving a turnover of N1.16 trillion through 447 transactions. FGN bonds accounted for N487.91 billion of the total turnover, surpassing the N438.17 billion recorded in OMO bills across 96 deals and N226.10 billion in treasury bills from 138 transactions.

The bond segment showed sustained investor appetite for sovereign instruments, with the February 2031 FGN bond attracting the highest number of transactions at 45 deals worth N118.45 billion. The April 2037 bond followed closely with 41 trades valued at N62.58 billion.

The yield across the bond curve remained stable, with the February 2031 bond closing at 17.95%, the April 2037 bond at 18.15%, and the longer-dated 2053 bond at 15.25%. The treasury bill segment saw significant activity, particularly for the June 17, 2027 maturity, which recorded 81 trades totaling N167.09 billion.

Overall, the session reflected continued demand for government securities, particularly FGN bonds.