Nigeria’s fixed income market has had a bullish run since 2024, which seems to be coming to an end with analysts forecasting a moderation in yields even as the government continues its significant domestic borrowing drive.
While current yields may appear attractive, experts caution that the persistent effect of inflation makes shorter-dated bonds a more prudent investment.
The Nigerian government has raised N10.67trillion in domestic financing through Treasury bills (N7.89trillion), FGN bonds (N2.48trillion), and Sukuk bonds (N300billion) as of May 2025.