Nigeria’s fixed income (FI) market turnover in February was N18.47trillion, which represents month-on-month (MoM) increase of 17.96 percent (N2.81trillion) from the turnover recorded in January (N15.65trillion), according to FMDQ Securities Exchange in its recently released financial markets monthly report for February.
The report shows that the month-on-month increase in turnover was driven by the increase in T-Bills, CBN Bills, OMO Bills, FGN Bonds, and other bonds transactions during the review period.
“In February 2025, the trading intensity (TI) for T-Bills increased MoM by 0.01 basis points (bps) to 0.36 while the TI for FGN Bonds increased by 0.07 basis points (bps) to 0.14,” the report shows.