Nigeria’s Eurobond Yields Surge to 11.71% as Sell Pressure Deepens
Samuel Mobolaji
Nigeria’s Eurobond yields spiked to 11.71 per cent in the international debt market as investors accelerated their exit from African sovereign assets amid persistent global risk-off sentiment.
The selloff, which swept across short-, mid-, and long-term maturities, pushed benchmark yields to their highest level since October 2023.
Bonds maturing in November 2025, November 2027, and March 2029 were hardest hit as foreign portfolio investors dumped Nigerian papers amid fresh concerns over global trade tensions and fiscal risks.
The bearish wave drove average yields 63 basis points higher week-on-week, as declining demand forced Eurobond prices downward.
Analysts at Cowry Asset Management linked the sustained pressure to global investors retreating from emerging markets following the escalation of the US-China trade conflict. Washington’s recent 145 per cent tariff hike on Chinese imports and Beijing’s swift retaliation with 125 per cent levies on US goods rattled sentiment, pushing risk-averse investors away from frontier economies.
Despite brief midweek bargain hunting, fresh tariff escalations erased gains, leaving Nigerian debt instruments exposed to renewed selloffs and volatile pricing as fears of revenue headwinds grow.
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