By Abiodun Folarin
WorldStage– Nigeria’s fixed income market recorded a total turnover of N1.14 billion on June 2, 2026, with Open Market Operation (OMO) Bills accounting for the largest share of transactions, according to the latest Fixed Income Dashboard report.
The report of the fixed income dashboard market released by the Central Bank of Nigeria, showed that OMO Bills generated a trading volume of N572.99 million across 104 deals, surpassing Federal Government of Nigeria (FGN) Bonds, which recorded N310.46 million in 149 trades, and Treasury Bills, which posted N257.31 million from 211 transactions.
Despite Treasury Bills recording the highest number of trades at 211, OMO Bills attracted the largest turnover, underscoring sustained investor appetite for short-term instruments amid elevated yields. The market also recorded participation from 19 investors in OMO Bills, compared to 17 in FGN Bonds and 27 in Treasury Bills.
Yield data from the dashboard indicated that OMO Bills maintained the highest returns in the market, with closing rates ranging between 18.34 per cent and 21.83 per cent across various maturities. The weighted average rates on the instruments ranged from 18.37 per cent to 21.76 per cent.
Treasury Bills closed within a range of 15.77 per cent to 18.79 per cent, with weighted average rates reaching as high as 18.82 per cent on longer-dated instruments. Significant activity was recorded on the February 18, 2027 Treasury Bill, which attracted 44 trades and a turnover of N157.33 million.
In the FGN Bond segment, yields remained relatively stable, with weighted average rates ranging from 15.00 per cent to 17.29 per cent. The June 2032 bond emerged as the most actively traded instrument, recording 31 transactions and a volume of N82.78 million, while the February 2028 bond generated N60.64 million in turnover across 11 trades.
Market analysts said the strong demand for OMO Bills reflects investors’ preference for high-yield, short-term securities as they navigate prevailing monetary conditions and inflationary pressures.
Overall, the trading session highlighted continued liquidity in Nigeria’s fixed income market, with investors maintaining a balanced interest across OMO Bills, Treasury Bills and FGN Bonds while favouring instruments offering attractive yields.
