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    Friday, May 22
    Financial Market

    NG Treasury Bills Market Turns Green, Yield Dips

    Julius AlagbeBy Updated:No Comments1 Min Read
    NG Treasury Bills Market Turns Green Yield Dips

    NG Treasury Bills Market Turns Green, Yield Dips

    Reflecting an improved investor sentiment, the Nigerian (NG) Treasury bills market turned green, with the average yield declining by 1 bp to 17.66%.

    The secondary market saw buying as investors continued to shift funds across the Nigerian financial market, seeking higher yields to optimise their portfolios.

    Investors’ interest in the naira curve remains strong as macroeconomic indicators signal a positive outlook for the Nigerian economy.  Inflation is anticipated to decline further, with a mixed outlook for interest rates amid geopolitical instability that is expected to affect policy dynamics.

    Traders at Meristem Securities reported that each instrument across the curve recorded approximately 1 bp of yield decline. Meanwhile, the Mar-27bills (+9bps and +3bps) saw yield increases.

    The FGN bond market closed on a mildly bearish tone, as expansions were observed across the mid (+4bps) segment of the curve, particularly the 33s and 34s. Ultimately, the average yield rose marginally by 1bp to settle at 15.79%. MTN Nigeria Lost N1.02trn over Large Scale Selloffs

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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