Nigeria’s Eurobond Yields Range From 5.6% to 8.0% as Investor Appetite Holds Strong

Nigeria’s sovereign Eurobond yields traded between 5.6 percent and 8.0 percent on Tuesday, May 5, 2026, indicating sustained investor appetite for the country’s foreign debt instruments despite ongoing fiscal and external debt concerns.

Data released by the Debt Management Office showed that Nigeria’s short and medium-term Eurobonds continued to trade at relatively stable yields in the international debt market.

The 6.500 percent $1.5 billion November 2027 Eurobond closed at a price of 101.318 US dollars with a yield of 5.602 percent, while the 6.125 percent September 2028 Eurobond traded at 101.131 US dollars with a yield of 5.610 percent.

Nigeria’s 8.375 percent March 2029 Eurobond closed at 107.500 US dollars with a yield of 5.519 percent, indicating strong secondary market demand as yields remained below the bond’s issue rate.

The 7.143 percent February 2030 Eurobond traded at 104.047 US dollars with a yield of 5.933 percent, while the 8.747 percent January 2031 Eurobond closed at 109.136 US dollars with a yield of 6.460 percent.

The 9.625 percent June 2031 Eurobond traded at 113.539 US dollars with a yield of 6.458 percent.

Longer-dated instruments recorded relatively higher yields as investors priced in longer-term fiscal and macroeconomic risks.

Nigeria’s 7.875 percent February 2032 Eurobond closed at 106.393 US dollars with a yield of 6.525 percent, while the 7.375 percent September 2033 Eurobond traded at 103.341 US dollars with a yield of 6.791 percent.

The 10.375 percent December 2034 Eurobond closed at 120.926 US dollars with a yield of 7.080 percent.

Similarly, the 8.631 percent January 2036 Eurobond traded at 110.773 US dollars with a yield of 7.070 percent, while the 7.696 percent February 2038 Eurobond closed at 103.633 US dollars with a yield of 7.231 percent.

Nigeria’s longer-tenor Eurobonds maturing in 2046, 2047, 2049 and 2051 recorded yields close to the 8 percent level.

The 9.129 percent January 2046 Eurobond closed at 111.697 US dollars with a yield of 7.941 percent, while the 7.625 percent November 2047 Eurobond traded below par at 99.040 US dollars with a yield of 7.716 percent.

The 9.248 percent January 2049 Eurobond closed at 113.657 US dollars with a yield of 7.939 percent, while the 8.250 percent September 2051 Eurobond traded at 102.698 US dollars with a yield of 7.999 percent.

Analysts said the relatively stable yield environment suggests that international investors continue to monitor Nigeria’s fiscal reforms, foreign exchange market adjustments and oil revenue outlook positively despite concerns over rising public debt and debt servicing pressures.

Nigeria has remained active in the international debt market as the Federal Government seeks external financing to support budget implementation, infrastructure development and fiscal stabilization efforts.