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CATEGORY

Fixed Income & Bonds

African Oil Eurobonds Slump on Hormuz Reopening as Dangote Buying Buoys Nigerian Crude

Emerging-market investors are aggressively unwinding a popular commodity trade, dumping the sovereign dollar bonds of African oil producers as the de-escalation of the US-Iran...

The ₦2.7 Trillion T-Bill Surge: DMO Turns to Short-End Issuance to Mop Up Excess Liquidity

Nigeria's multi-trillion-naira fiscal requirement has triggered an unprecedented frontloading strategy across the sovereign yield curve. In the Treasury bills market alone, the government offered ₦7.95...

Dufil Prima Foods Revenue Hits ₦1.1 Trillion, Controls 60% of Nigeria Noodles Market

Dufil Prima Foods Limited has cemented its dominant market position in Nigeria's noodles sector, accounting for over 60% market share, which has underpinned sustained...

Nigerian Corporate Debt Drops 14% as Rate Cuts Ease Interest Burden

Listed Nigerian firms have recorded a reduction in their borrowing costs following the Central Bank of Nigeria’s (CBN) decision to loosen the money supply,...

Dangote Fertiliser Issues $750 Million 5-Year Eurobond at 7.75%

In a major test of international appetite for Nigerian corporate debt, Dangote Fertiliser Limited has successfully priced its debut $750 million 5-year Eurobond at...

Nigeria’s Top Firms Slash Total Debt 22% to ₦8.7tn as Yields Fall

Nigeria’s largest listed conglomerates and industrial giants have executed a massive balance sheet cleanup, reducing their combined debt profile by 21.5% to ₦8.73 trillion...

Nigeria and Angola Lead Africa Sovereign Bond Recovery on $83 Crude Tailwind

African sovereign dollar bonds extended their recovery as global investors pivoted toward the continent’s oil-producing nations as a strategic hedge against the escalating US/Israel-Iran...

Nigeria Banks Park Record ₦51.5tn at CBN as Bonds Overwhelmed

Nigeria commercial banks parked a net ₦51.5 trillion with the Central Bank of Nigeria (CBN), in January to earn risk-free returns rather than lending...

JPMorgan Eyes Nigeria for New Frontier Local Currency Bond Index

JPMorgan Chase & Co. is finalizing plans for a new benchmark index dedicated to frontier market local-currency bonds, a move that could mark a...

Nigerian Commercial Paper Rates Stabilize as Deficit ‘Crowding Out’ Looms

The Nigerian debt capital market is entering a phase of "sticky" stability. After a volatile 2024 that saw Commercial Paper (CP) yields skyrocket to...

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