Nigeria Eurobond average yield falls to 7.03% on renewed offshore buying (11 Nov 2026)

On 11 November 2026 Nigeria’s average US-dollar Eurobond yield fell to about 7.03% as offshore/foreign investors increased buying across the curve, with notable yield contractions at the short-to-medium end (e.g., Eurobond 3 and 7). The move was reported by local market pages and price screens on that date.

Secondary-market yield declines driven by renewed offshore demand lower the market cost of new dollar issuance conditionally: a sustained fall could improve Nigeria’s external financing terms when the government next taps markets. However, actual borrowing costs will still depend on global US Treasury yields, Nigeria’s credit risk premium at issuance and investor demand on the deal date; secondary yields alone do not change coupons on existing bonds.

Monitor US inflation prints and Nigeria’s coupon payments/near-term supply (next large coupon: 28 Nov 2026).