Nigeria’s Eurobond market extended its bullish momentum this week, with average yields declining by six basis points to 6.89 percent from 6.96 percent, as renewed investor demand lifted prices across maturities. The drop in yields signals a strengthening appetite for Nigerian sovereign debt in the international market.
Investors increased purchases of existing bonds, pushing prices higher and borrowing costs lower for the government. Buying interest was spread across the curve but was most pronounced in the mid-section, reflecting stronger
