Nigeria's Fixed-Income Trading Surges to N41.07 Trillion

In September, Nigeria's fixed-income market experienced a robust increase in trading activity, with the total face value of transactions reaching N41.07 trillion, up 12.1% from N36.62 trillion in August. Data from the Fixed Income Dashboard indicated that the number of trades rose to 11,652 in September, compared to 9,192 in August.

The September figures reflect transactions from September 1 to September 30, 2026. OMO bills remained the leading instrument, accounting for N28.05 trillion of the total traded value, marking a 6.7% increase from August.

FGN bonds saw a remarkable 51.6% increase in face value traded, rising to N6.96 trillion from N4.59 trillion, with the number of trades increasing from 2,471 to 3,889. Treasury bills transactions rose modestly to N5.99 trillion, while Sukuk transactions increased to N66.79 billion.

Overall, the market recorded 11,652 trades worth N41.07 trillion in September, with the number of market participants increasing to 30.