Browsing: Bonds

Nigeria’s sovereign Eurobonds experienced positive trading activity in the international market, which caused yield to decline by 7 basis points. Foreign investors logged fresh demand for Nigeria’s US dollar, causing the average yield to decline by 0.07% to 9.91%, according to Cowry Asset Management Limited.

The average yield on Nigeria’s US dollar bonds rose marginally as foreign investors trimmed their position amidst uncertainties in the local economy. The market