logo
Nigeria Naira Bonds Beat EM Peers as Tinubu Reforms Get Noticed

Nigeria Naira Bonds Beat EM Peers as Tinubu Reforms Get Noticed

Bloomberg2 days ago
Nigerian President Bola Tinubu's reforms are sparking the biggest bond rally in emerging markets as the West African nation's two-digit carry yields are backed by increasing government revenue, slowing inflation and a stable currency.
Naira-denominated bonds of Africa's largest crude producer have extended their 2025 rally with an 8.6% total return in July, the best performance among the 23 countries in the Bloomberg EM Local Currency Government Universal Index both for the month and the year.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store