FGN Bonds Lead Fixed Income Market Activity as Turnover Hits N1.16tn

FGN Bonds Lead Fixed Income Market Activity as Turnover Hits N1.16tn

Nume Ekeghe

Trading activity in the fixed income market remained buoyant on June 19, 2026, with investors transacting securities worth N1.16 trillion across 447 deals, as Federal Government of Nigeria (FGN) bonds emerged as the most actively traded asset class.

Data from the Fixed Income Dashboard showed that FGN bonds accounted for N487.91 billion of total turnover, spread across 207 transactions, ahead of OMO Bills, which recorded N438.17 billion in trades from 96 deals. Treasury Bills contributed N226.10 billion from 138 transactions, while Sukuk instruments recorded N10 billion in six deals. A total of 27 market participants were active during the trading session.

The strong volume recorded in the bond segment highlights sustained investor appetite for sovereign instruments despite elevated yields across the market.