Nigeria's Fixed-Income Market Hits N8.84trn in Trades

During the week ending August 7, 2026, Nigeria's fixed-income market saw trading activity rise to N8.84 trillion in face value, as reported by the Central Bank of Nigeria (CBN). The CBN’s Fixed Income Dashboard indicated that 2,348 trades were executed, with Open Market Operations (OMO) bills leading the transactions.

OMO bills accounted for 916 trades valued at N6.33 trillion, which is approximately 71.6% of the total traded face value. Treasury bills followed with 769 trades valued at N1.34 trillion, while Federal Government of Nigeria (FGN) bonds recorded 656 trades worth N1.15 trillion.

Sukuk had seven trades valued at N13.08 billion. The market attracted 27 participants, with OMO bills engaging 23 participants, while Treasury bills and FGN bonds each attracted 24 participants.

Sukuk had four participants. This trading pattern highlights the ongoing significance of short-term government securities, particularly OMO bills, in the fixed-income market amid current liquidity and monetary policy conditions.