Nigeria's Fixed-Income Market Hits N10.51tn Turnover

In the week ending August 23, 2026, Nigeria's fixed-income market achieved a turnover of N10.51 trillion, with OMO bills dominating the trading landscape. OMO bills accounted for 1,064 trades valued at N7.63 trillion, representing approximately 73% of the total turnover.

The market recorded a total of 2,512 trades, including Treasury bills, FGN Bonds, and Sukuk. FGN Bonds followed with 800 trades valued at N1.41 trillion, while Treasury bills had 642 trades worth N1.46 trillion.

Sukuk had the least activity, with six trades valued at N8.03 billion. A total of 29 participants engaged in the market, with OMO bills and Treasury bills attracting 26 participants each, while FGN Bonds had 22 and Sukuk had three.

The OMO market closed with a yield of 21.76%, compared to a weighted average yield of 19.87%. FGN Bond yields varied across maturities, with closing yields ranging from 15.80% to 17.82%.

The data indicates strong investor interest in short-term government securities.