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Nigeria Naira Bonds Beat EM Peers as Tinubu Reforms Get Noticed - BLOOMBERG

JULY 26, 2025

By  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.

MARKET NEWS

July 26 Naira continues appreciation against US dollar as foreign reserves increase - DAILY POST July 26 Naira Bonds Beat 23 Emerging Markets’ Peers as FG’s Reforms Take Shape - THISDAY July 26 Naira Strengthens Against Dollar As Foreign Reserves Increase - NAN July 26 Naira ends week stable as external reserves grow - BUSINESSDAY July 26 Dangote refinery to hit 700,000bpd by December – Report - PUNCH July 26 Nigerians risk deportation as UK scraps sponsorship for over 100 skilled jobs - PUNCH July 26 Naira bonds beat EM peers as Tinubu reforms get noticed July 26 Nigeria Naira Bonds Beat EM Peers as Tinubu Reforms Get Noticed - BLOOMBERG July 25 CBN Survey Shows Interest Rates Now Business Firms’ Biggest Constraint - LEADERSHIP July 25 RenCap Africa analysts say naira over valued by 26% - BUSINESSDAY July 25 UAE: Standard Chartered launches first sustainable escrow, account bank solution -... (read more) July 25 Sterling at four month low against euro as UK and euro zone rates diverge - REUTERS July 25 Over $211bln in bank investments in UAE by end of April 2025 - EMIRATES NEWS AGENCY July 25 Egypt: USD/EGP exchange rates stable on Monday - ARAB FINANCE July 25 Dip in Asian currencies, outflows likely to keep up pressure on rupee - REUTERS July 25 Yen, euro buoyant on trade progress - REUTERS July 25 Investors bet on Europe's smaller companies to dodge tariff fallout, strong euro - REUTERS July 25 ‘3,500 Nigerian goods enjoy zero duties to UK’ - PUNCH July 25 Economists split on Singapore monetary policy after surprise growth - REUTERS July 25 Nigeria open to stablecoins, says SEC - PUNCH July 25 Job cuts accelerate as Reeves tax raid bites - THE TELEGRAPH July 25 Banks, insurance, others contribute N1.77trn to economy in Q1’25 - VANGUARD July 25 EU’s Sluggish Economy Faces Moderate Growth Slowdown from US Trade Tensions - FX EMPIRE July 25 Dollar steadies but set for weekly drop as focus shifts to Fed, BOJ meetings - REUTERS July 25 RBI to hold rates in August, expected to cut again later this year: Reuters poll - July 25 Sterling poised to end 3-day rally vs dollar on economic, tax concerns - REUTERS July 25 Oil Extends Gain on US Trade Deal Optimism, Diesel Tightness - BLOOMBERG July 25 European Central Bank keeps rates on hold as US tariffs cloud outlook - REUTERS July 25 Weak local stocks, positional adjustments push rupee to one-month low - REUTERS July 25 Banks record 29.4m closed accounts, 33m inactive - VANGUARD

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