Nigeria Eurobond yields fall as foreign investors return; average down to 7.03%

On 13 November 2026 Nigeria’s sovereign Eurobond yields fell as offshore investors increased purchases, with the average benchmark yield reported down four basis points to 7.03% and pronounced declines in short- and medium-term FGN Euro bonds (FGN Euro 3, Euro 7, Euro 5, Euro 10).

The reported drop in Nigeria’s Eurobond yields reflects renewed foreign demand for dollar‑denominated sovereign debt, particularly in short- and medium-term maturities. If sustained, stronger external inflows could lower Nigeria’s external borrowing costs and ease refinancing pressure; however, the persistence of the move depends on oil revenue, domestic inflation, FX stability and global risk appetite (US rates, commodity prices). This report does not by itself prove a lasting repricing across all maturities.

Next milestones: Nigeria’s upcoming inflation release and near‑term global oil price moves, which investors cited as drivers of demand.