Nigeria's fixed income market transactions volume soared in six months in value and volume as the total value of instruments sold within the period rose to N19.41 trillion as against N4 trillion recorded in the corresponding period in 2023. The increase was driven by treasury bills and bond offers by the Central Bank of Nigeria (CBN) and the Debt Management Office (DMO) to stabilise the exchange rates and tame inflation. Given the effective yields of between 18 per cent and 26 per cent, which are considered risk-free, the asset classes saw positive momentum, with investors attracted by relatively stable yields.

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