Nigerian Treasury Bills Yield Declines by 25bps
The average yield on Nigerian Treasury bills (NTB) declined by 25 basis points (bps) in the secondary market as investors ramped up naira assets ahead of next week’s auction.
Elevated yields on fixed interest securities continue to attract wealth managers and high-net-worth individuals with tighter risk appetites.
Investment firms reported demand was observed at the long (-52bps) end of the curve, resulting in average yield printing 25 basis points lower, and settled at 18.17% on Thursday.
The fixed income market witnessed subdued activity across most maturities, which kept rates flat along the curve, with selective buying interest emerging at the long end.
Trading remained muted across the short to mid segments, where all bills closed unchanged amid balanced demand–supply dynamics.
However, activity at the longer end was more constructive, as the 03-Dec-26 and 07-Jan-27 papers recorded notable yield compression of 104bps and 72bps to close at 16.52% and 16.33%, respectively, lending support to the back end of the curve.
Analysts expect the market to trade sideways, with movements largely driven by system liquidity conditions. | Nigerian Treasury Bills Yield Declines by 25bps BUA Foods Profit Soars by 91% to N508 Billion in FY2025
