COUNTRY • NIGERIA
Last Update: 22 Sep 2023 17:15 GMT+0

The Nigeria 10Y Government Bond has a 14.624% yield.

10 Years vs 2 Years bond spread is 181.6 bp.
Normal Convexity in Long-Term vs Short-Term Maturities.

Central Bank Rate is 18.75% (last modification in July 2023).

The Nigeria credit rating is B-, according to Standard & Poor's agency.

If data are not all visible, swipe table left
Residual
Maturity
Yield ZC Price Last
Change
Last Chg 1M Chg 6M Last Chg 1M Chg 6M
2 years 12.808% +217.0 bp +263.1 bp 78.58 -3.81 % -4.61 % 22 Sep
3 years 13.170% +32.2 bp +117.6 bp 68.99 -0.86 % -3.09 % 22 Sep
4 years 13.601% +54.8 bp +112.4 bp 60.04 -1.93 % -3.91 % 22 Sep
5 years 14.125% +51.7 bp +12.6 bp 51.65 -2.25 % -0.56 % 22 Sep
7 years 14.423% +53.4 bp +32.2 bp 38.94 -3.23 % -1.96 % 22 Sep
10 years 14.624% +43.5 bp +45.0 bp 25.54 -3.73 % -3.88 % 22 Sep
20 years 15.451% +26.3 bp +61.7 bp 5.65 -4.40 % -10.17 % 22 Sep
30 years 15.698% +48.2 bp +28.5 bp 1.26 -11.89 % -7.35 % 22 Sep
Last Update: 22 Sep 2023 17:15 GMT+0

Nigeria Yield Curve Analysis

Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases. For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive. If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
If data are not all visible, swipe table left
Residual
Maturity
Yield Spread vs Bond Spread vs
Central Bank
Rate (18.75%)
2 years 5 years 10 years
30 years 15.698% -305.2 bp
10 years 14.624%
-412.6 bp
5 years 14.125%
-462.5 bp
2 years 12.808%
-594.2 bp
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
5Y vs 2Y 131.7 bp Normal Convexity in Mid-Term vs Short-Term Maturities
10Y vs 2Y 181.6 bp Normal Convexity in Long-Term vs Short-Term Maturities

Nigeria Credit Ratings

A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation). For a deeper analysis of credit ratings, click here Nigeria Credit Ratings History
Rating Agency Rating Outlook
Standard & Poor's
B-
-
Moody's Investors Service
Caa1
-
Fitch Ratings
B-
-
DBRS
-
-

Nigeria Interest Rates

A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.
Interest Rates Value
Central Bank Rate 18.75%

Nigeria 10Y Bond Yield Spread

The Nigeria 10Y Government Bond has a 14.624% yield. Click on Spread value for the historical serie.

A positive spread, marked by , means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle.

Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
If data are not all visible, swipe table left
Nigeria 10Y vs Current Spread Chg 1M Chg 6M
Japan 10Y 1390.0 bp +37.4 bp +2.1 bp Compare
China 10Y 1191.7 bp +29.8 bp +62.9 bp Compare
Germany 10Y 1189.2 bp +20.4 bp -11.7 bp Compare
France 10Y 1133.9 bp +18.0 bp -13.1 bp Compare
Spain 10Y 1081.8 bp +15.4 bp -13.2 bp Compare
Canada 10Y 1067.3 bp +15.6 bp -72.1 bp Compare
United Kingdom 10Y 1037.8 bp +71.2 bp -43.8 bp Compare
Australia 10Y 1030.2 bp +24.0 bp -62.3 bp Compare
United States 10Y 1018.9 bp +20.0 bp -57.1 bp Compare
Italy 10Y 999.2 bp -4.2 bp -13.0 bp Compare
India 10Y 747.4 bp +47.9 bp +64.5 bp Compare
Brazil 10Y 323.5 bp +15.0 bp +213.4 bp Compare
Russia 10Y 205.4 bp -30.5 bp -97.0 bp Compare

Nigeria Government Bonds Prices

Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
Click on for a forecast of the yield.
If data are not all visible, swipe table left
Residual
Maturity
Yield Bond Price - with different Coupon Rates Fx
0% 1% 3% 5% 7% 9%
30 years 15.698% 1.26 7.55 20.13 32.71 45.29 57.87
20 years 15.451% 5.65 11.76 23.97 36.18 48.39 60.61
10 years 14.624% 25.54 30.63 40.82 51.00 61.18 71.37
7 years 14.423% 38.94 43.17 51.64 60.11 68.58 77.04
5 years 14.125% 51.65 55.08 61.92 68.77 75.61 82.46
4 years 13.601% 60.04 62.98 68.86 74.73 80.61 86.48
3 years 13.170% 68.99 71.35 76.06 80.76 85.47 90.18
2 years 12.808% 78.58 80.25 83.60 86.94 90.29 93.63
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

Back to Home Page - World Government Bonds

Share this page

Related Topics