By Muhammad Mamman
The Association of Issuing Houses of Nigeria (AIHN) has credited the recent surge in activity within the fixed-income market to the Central Bank of Nigeria’s (CBN) sustained tightening measures.
In a statement, the association noted that the apex bank’s aggressive interest-rate hikes and liquidity-mopping initiatives had reshaped investor behaviour, prompting a decisive shift toward government securities and other fixed-income instruments.
According to the AIHN, yields on Treasury Bills, bonds, and other fixed-income products have risen sharply in response to the CBN’s monetary stance, making them increasingly attractive to both institutional and retail investors. The association added that the policy environment has restored confidence to segments of the capital market that had, until recently, experienced subdued participation.
The AIHN also emphasised that the deepening of the fixed-income market reflects broader investor appetite for safer, interest-bearing assets amid a tightening monetary regime. It urged policymakers to maintain consistency, arguing that a stable, transparent policy direction is essential for sustaining market momentum.
Despite the gains, the association highlighted the need for continued reforms to improve market efficiency, enhance liquidity, and support long-term capital formation in Nigeria.
The AIHN reaffirmed its commitment to working with regulators and market operators to strengthen the investment landscape and ensure that Nigeria’s capital market remains competitive, resilient, and attractive to both local and foreign investors.
