MARKET NEWS
Nigeria Naira Bonds Beat EM Peers as Tinubu Reforms Get Noticed - BLOOMBERG
By Anthony Osae-Brown July 25, 2025 at 1:03 PM GMT+1
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.