The average yield on Federal Government of Nigeria (FGN) bonds has dropped 32 basis points to around 18.6% in the secondary market due to demand for these bonds, according to dealers’ independent reports. Investors in secondary fixed interest instruments were encouraged to purchase bonds due to the favorable feeling generated by the ratings improvement on Nigeria’s economy. The most recent Fitch ratings update, … Continue reading Benchmark Yield On Nigeria Bonds Drops By 32bps