…in which trustees can invest under the Trustee Investment Laws. They also qualify as government securities under the Company Income Tax Act and Personal Income Tax Act, making them eligible for tax exemption for pension funds, among other investors. The bonds are listed on the Nigerian Exchange Limited and qualify as l…

…the Federal Government receives dollar financing while providing naira-denominated government securities as collateral. The government drew an initial $1.5bn from the facility in June, leaving $3.5bn available under the approved programme. The DMO’s external debt stock data confirmed that the $1.5bn remained outstandin…

…occurred despite renewed efforts by the CBN to absorb surplus cash through the sale of government securities. The apex bank offered N2.5tn in OMO bills across three maturities on Tuesday, with strong investor demand reportedly taking the eventual amount raised to about N5tn.See more Punch stories on Google.Add Punch on…

…came amid high yields in July and August, which sustained investor interest in government securities. However, yields began to decline in September following a shift in monetary policy, with the CBN lowering stop rates across the three tenors. The stop rate on the 364-day bill fell to 15.89 per cent at the 23 September…

…window, after participating in foreign exchange transactions and primary auctions of government securities.The policy change is expected to improve banks’ access to liquidity and strengthen the transmission of monetary policy across the financial system.FX turnover jumps 266 per centTrading activity also surged sharply…

…offered by the Debt Management Office, underscoring robust appetite for short-term government securities. The 364-day instrument was particularly sought after, recording 8.38 times coverage. Average Treasury bill yields rose by 50 basis points to 18.73 percent following the auction. FGN bond yields were broadly stable…

…from participation in the Nigerian Foreign Exchange Market, NFEM and primary auctions of government securities. The apex bank further said the suspension of tenored Repurchase (Repo) transactions has been lifted. The CBN noted that the review takes effect immediately. "The Central Bank of Nigeria, CBN has reviewed exis…

…securities in which trustees can invest under the Trustee Investment Act. “Qualifies as Government securities within the meaning of Company Income Tax Act, (“CITA”) and Personal Income Tax Act, (“PITA”) for Tax Exemption for Pension, Funds, amongst other investors.“ Listed on The Nigerian Stock Exchange. “Qualifies as…

…of total pension assets in May 2026. According to PenCom, the considerable proportion of government securities in the overall Asset Under Management AuM portfolio can primarily be attributed to PenCom regulatory limits on investments. To further illustrate the renewed interest in government assets, pension investment i…

…is increasingly crowding out the private sector, as banks favour low-risk, high-yield government securities over lending to businesses. “The increase in credit to the government can be attributed to a number of factors. The government has been raising money to finance the deficit. So this financing of the deficit has l…

…of a commercial property portfolio overseas, or gain exposure to private credit or government securities, without meeting the high minimum investment thresholds that have traditionally kept such assets out of reach. The market has grown rapidly over the past two years as financial institutions continue to experiment wi…

What the report shows The June auction shows sustained investor interest in Federal Government securities, with both instruments attracting subscriptions above the amounts offered. The 2035 bond recorded an oversubscription of N105.22 billion, while the 2037 bond was oversubscribed by N108.27 billion. Investor particip…

…fixed-income securities, particularly as yields remain attractive. Investor appetite for government securities remains robust, with subscriptions for the latest one-year Treasury Bills auction exceeding N1.86 trillion as investors sought to take advantage of the 17.34% yield on offer. The third factor relates to develo…