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CBN: Fixed-Income Trading Surges To N1.06tn

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CBN: Fixed-Income Trading Surges To N1.06tn

The Nigerian fixed-income market recorded a massive surge in liquidity and investor participation as total single-day trading volume crossed the N1tn threshold.

Data released by the Central Bank of Nigeria from the official Fixed Income Dashboard on Thursday, 4 June 2026, reveals that market turnover reached exactly N1.06tn across 551 executed trades, driven by intense demand for short-term government debt instruments.
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Nigerian Treasury Bills emerged as the primary catalyst for the day’s historic turnover, accounting for more than half of the total market volume. Investors aggressively channelled capital into these short-term instruments, reflecting a highly active secondary market.

According to the CBN official dashboard summary, “Treasury Bills led the market with 340 trades, pooling an impressive volume of N668,005,110,000, with 24 distinct market participants actively driving the momentum.”

The deepest pocket of activity within the NTB segment was heavily concentrated in the one-year tenors expiring in June 2027. One standout instrument (ISIN: NGT030306275) single-handedly absorbed massive liquidity blocks, including a single transaction flight that reached an N65bn volume at a closing rate of 19.09 per cent.

Other major tranches for the same maturity closed at yields as high as 19.54 per cent, indicating that investors are locking in near-20 per cent rates for 12-month sovereign paper.

In tandem with standard Treasury Bills, the CBN’s Open Market Operations served as another key liquidity sponge, drawing sharp interest from institutional players, particularly in ultra-short positions.

The dashboard highlighted the OMO breakdown, stating, “OMO Bills recorded a total volume of N224,408,000,000 across 43 trades, drawing in 11 key institutional participants as short-term yields continued to march upward.”

A granular look at the OMO details shows that the shortest-term bills, specifically those maturing on 30 June 2026 (0.07 years to maturity), triggered the highest yields of the day, with closing rates hitting a peak of 22.00 per cent for a N56.2bn volume block.

The FGN Bond performance profile noted, “The sovereign bond segment saw 168 trades yielding a total volume of N170,362,824,000, backed by 19 participating institutions.”

The most actively traded paper was the February 2031 FGN Bond (4.72 years to maturity), which cleared N76.26bn in volume at a weighted average rate of 16.61 per cent.

Intriguingly, the longest-dated instrument on the dashboard, the 27-year FGN Bond maturing in June 2053, settled at a much lower closing rate of 14.95 per cent on a modest volume of N6bn.

Conversely, the June 2032 FGN bond (6.06 years to maturity) saw its weighted average rate spike to the highest in the bond category at 18.78 per cent, signalling that the medium-term sector of the curve is bearing the brunt of the market’s current yield premium.

A comprehensive breakdown of the day’s trading activity highlights how the N1.06tn liquidity was distributed across the primary fixed-income asset classes.

The Treasury Bill segment captured the lion’s share of activity, recording 340 trades and a dominant volume of N668.01bn with 24 active market participants.

CBN

CBN

CBN OMO Bills followed as the next largest liquidity absorber, pulling in N224.41bn over 43 trades executed by 11 key institutional participants.

Meanwhile, the FGN Bonds market maintained steady long-term interest, generating 168 trades that accounted for N170.36bn in volume across 19 participating institutions, all culminating in an aggregate of 551 trades and 25 unique market participants, driving the robust single-day performance.
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Davido: I’m a Die-Hard Cristiano Ronaldo Fan, we Chat Regularly

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Cristiano Ronaldo

Davido: I’m a Die-Hard Cristiano Ronaldo Fan, we Chat Regularly

Afrobeats star, David Adeleke, popularly known as Davido, has declared himself a dedicated Cristiano Ronaldo fan and claimed that he regularly communicates with the football legend.
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Davido disclosed this during a livestream with content creator and streamer, Carter Efe.

The ‘If’ singer said he supported Portugal to win the recently concluded 2026 FIFA World Cup because of his connections with players in the national team.

“Because I have a lot of friends in the Portuguese team. I want Portugal to win,” Davido said.

When Efe suggested it was because of Ronaldo, the singer replied, “I love Ronaldo, I’m a CR7 fan.”

Davido further claimed that he has ongoing conversations with the five-time Ballon d’Or winner, saying in Pidgin English that he talks to the “legend back to back.”

Cristiano Ronaldo

Cristiano Ronaldo, Davido

Efe reacted with visible excitement, repeatedly exclaiming:

“God, I don mad! I don mad! I don mad! I don mad!”

The clip has since circulated widely on social media.

Davido has previously expressed his interest in football and has been seen with several international football stars.

The authenticity of the apparent chat shown during the livestream could not be independently verified.
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President Tinubu Approves Pay Rise for 250,000 Armed Forces Personnel

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President Tinubu Orders Review Of Revenue Deductions By Federal Agencies

President Tinubu Approves Pay Rise for 250,000 Armed Forces Personnel

President Bola Tinubu has approved salary increases of between 30 and 80 per cent for Nigeria’s armed forces personnel.
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The pay package that will benefit approximately 250,000 personnel and take effect from September 1, 2026, Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed in a statement signed Tuesday.

Onanuga said the graduated structure of the increase scales inversely with rank, with the highest percentage increases going to the most junior personnel.

Under the new arrangement, he said officers above the rank of colonel, Brigadier-Generals, Major-Generals, Lieutenant Generals and Generals, will receive a 30 per cent salary increase.

Personnel ranking from colonel down to warrant officer will receive a 50 per cent increase, while those from private to staff sergeant will receive an 80 per cent increase.

The pay package will raise the annual salary bill for the armed forces from N660 billion to N924 billion, an increase of N264 billion.

The President linked the pay rise directly to the sacrifices personnel continue to make in the fight against banditry, kidnapping and terrorism across parts of the country.

Tinubu said troop welfare and military modernisation would remain a standing priority of his administration.

“Our administration will continue to prioritise troop welfare and modernise the armed forces by providing the weapons and technological tools needed to discharge their duties,” he said.

Tinubu tied the salary increase to his broader philosophy on national security saying, “Our administration believes that no nation can achieve greatness without security. We therefore remain resolute in mobilising all military and law enforcement assets to eliminate security threats and protect the lives and property of all Nigerians,” he said.

President Tinubu Orders Review Of Revenue Deductions By Federal Agencies

President Tinubu

“I urge our servicemen to take our gesture as a sign of our deep appreciation of the services they render to our fatherland.

“Together we shall prevail over the enemies intent on destroying the fabric of our nation,” the President said.
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Awori Renaissance Forum Urges ADC to Relist Lagos Reps Candidate

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ADC Will Kick Tinubu Out Even If He Appoints Seyi As INEC Chair

Awori Renaissance Forum Urges ADC to Relist Lagos Reps Candidate

The Awori Renaissance Forum has urged the leadership of the African Democratic Congress to relist Mr. Olalekan Anjolaiya as the party’s candidate for Alimosho Federal Constituency, saying the move would address the alleged marginalisation of the indigenous Awori people.
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The call was contained in a statement issued on Tuesday by the Coordinator of the Forum, Mr Muraina Ajala.

Ajala said the forum was making the appeal following reports that Anjolaiya, who was initially presented as the party’s candidate, had been disqualified over alleged multiple party registration.

He argued that replacing him with a non-indigene would amount to “a miscarriage of justice” when qualified Awori sons and daughters were available to represent the constituency in the National Assembly.

According to him, relisting Anjolaiya would give the indigenous Awori-speaking people of Alimosho the opportunity to produce a representative and end what he described as years of political marginalisation.

“We are using this opportunity to call on the leadership of the ADC to right the wrong being meted to our son and standard bearer, Hon. Olalekan Anjolaiya, who is the only hope of the indigenous Awori people of Alimosho.

“Our appeal is to the national leadership of the party, particularly the National Secretary, Ogbeni Rauf Aregbesola, whom we believe has the power to do the needful in this instance.

The forum alleged that Awori-speaking people had consistently been sidelined in the choice of candidates for the constituency despite having qualified sons and daughters capable of representing the area.

It also described Anjolaiya as “a son of the soil,” noting that his contributions to community development had earned him the traditional title of Bobakeye of Igandoland.

“The affected member is known to us and he has contributed so much to the development of Aworiland, particularly his native Igandoland. This has prompted the traditional ruler of Igando, Oba Lasisi Gbadamosi, to recently bestow on him the title of Bobakeye of Igandoland,” the statement said.

ADC Will Kick Tinubu Out Even If He Appoints Seyi As INEC Chair

ADC

The group further argued that allowing a non-indigene to emerge as the constituency’s representative would amount to “double jeopardy” for the Awori people.

“We are even more concerned that the only time we have been represented by one of us is now by our incumbent representative, Hon. Ganiyu Adele Ayuba, who has been denied a return ticket by the ruling All Progressives Congress. We don’t want our son, Olalekan Anjolaiya, to suffer the same fate, and this is why we are making the clarion call,” Ajala added.
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