Federal Government of Nigeria (FGN) bonds accounted for N721.6 billion in trades on the fixed income market on Wednesday, July 22, according to market data reported by Leadership.ng.
The significant turnover highlights the continued dominance of Nigerian sovereign debt in the local secondary market, even as broader economic conditions evolve.
41 trillion in bids during auctions, reflecting sustained demand despite higher borrowing costs.
This daily activity builds on a strong first half of 2026, during which FGN bonds attracted N1.74 trillion in total demand, according to data from the Debt Management Office (DMO).
The government allotted N929.3 billion across various tenors during that period, indicating robust institutional and retail participation in the sovereign debt space.
The recent trading volume comes amid a backdrop of rising yields, which have climbed in response to macroeconomic pressures and inflation dynamics.
In June, FGN bonds saw N1.41 trillion in bids during auctions, reflecting sustained demand despite higher borrowing costs.