• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Fixed Income

Nigeria’s Eurobonds yields rise to record high as trade war sparks massive selloffs 

Research Team by Research Team
April 10, 2025
in Fixed Income, Markets, Spotlight
Nigeria hires Citibank, JPMorgan, Goldman Sachs as advisers for first Eurobond after two years – Report 
Share on FacebookShare on TwitterShare on Linkedin

In a dramatic turn of events, Nigeria’s Eurobond market has come under heavy pressure, echoing the shockwaves rippling through global financial markets.

A bold and controversial move by U.S. President Donald Trump, who recently announced a sweeping 10% import tariff on all foreign goods, alongside retaliatory levies targeting nations with ‘unfair trade practices’, has triggered negative market reactions.

As investors scrambled to reassess risk, Nigerian Eurobonds saw sharp selloffs, sending average yields surging to 11.21% by Wednesday, April 9, 2025—up by a staggering 163 basis points from 9.584% at the end of March.

RelatedStories

cross-border payment platforms

From the continent, For the continent: Building homegrown instant payment systems to drive financial inclusion in Africa

September 9, 2025
AFAN, African Holdings Corporation signs agreement to pioneer blockchain integration, asset tokenization in Agriculture 

AFAN, African Holdings Corporation signs agreement to pioneer blockchain integration, asset tokenization in Agriculture 

September 9, 2025

This is according to data tracked by Nairalytics from the Debt Management Office (DMO).

The current levels represent the highest since the beginning of the Covid-19 pandemic, in February 2020. Notably, the short end of the curve recorded the highest sell pressure, with the Nov 2025 rising by 282bps over the same period.

Similarly, the yield on the long end of the curve (Sep 2051) rose by 97bps to hit 11.65%, having moderated slightly from the record high of 12.12% recorded earlier in the week.

Similarly, the ongoing global trade tensions have contributed to a significant drop in international crude oil prices, with Brent crude now trading at $63.7 per barrel. This, combined with reduced domestic oil production, is likely to further strain Nigeria’s foreign exchange earnings and exert additional pressure on the already weakening naira.

The local currency has depreciated by approximately 4.8% month-to-date, closing at N1,625/$ on Tuesday, despite persistent interventions by the Central Bank. These developments have fueled investor concerns, leading to increased selloffs in Nigerian Eurobonds as risk sentiment deteriorates.

Expert view 

In an exclusive interview, Mr. Victor Onyema, Head of Investment Management at Norrenberger Asset Management Limited, attributed the recent spike in Nigeria’s Eurobond yields primarily to President Donald Trump’s tariff announcement, but expressed optimism about a potential stabilization in the near term.

“Over the past week, we’ve witnessed a significant surge in global Eurobond yields, with Nigeria’s instruments particularly affected. Notably, the NIG 2051 bond traded as high as 12.5%—levels we haven’t seen since the COVID-19 pandemic,” Onyema explained.

  • He further noted that the newly introduced tariffs and the intensifying trade tensions between the U.S. and China have triggered a wave of risk aversion, prompting investors to seek refuge in safer assets.

 “The current uncertainty is driving a flight to quality. However, we anticipate some level of stabilization within the next week or two, as the market begins to digest and fully price in the implications of these developments,” he added.

What to expect 

In the coming weeks, global attention will remain firmly fixed on the unfolding dynamics between the United States and China, as the world watches how other nations respond to Washington’s sweeping tariff hike.

  • While negotiations may emerge in a bid to de-escalate tensions, the immediate impact on global markets has been profound—spilling into both variable and fixed income assets.
  • The fear of a potential global recession is becoming more pronounced, especially as market participants brace for a more aggressive monetary policy stance from the U.S. Federal Reserve.

With expectations of up to four or five interest rate hikes now on the table, investors are likely to remain cautious, positioning their portfolios defensively until greater clarity emerges.


Follow us for Breaking News and Market Intelligence.
Research Team

Research Team

The Research Team at Nairametrics meticulously monitors, gathers, curates, and administers an extensive repository of both macroeconomic and microeconomic data originating from Nigeria and across Africa. Utilizing a variety of presentation formats—including documents, tables, and charts—our analysts disseminate key findings through the Nairametrics platform. Additionally, we regularly release insightful, research-driven articles that offer in-depth analyses of economic trends and indicators.

Related Posts

cross-border payment platforms
Op-Eds

From the continent, For the continent: Building homegrown instant payment systems to drive financial inclusion in Africa

September 9, 2025
AFAN, African Holdings Corporation signs agreement to pioneer blockchain integration, asset tokenization in Agriculture 
Companies

AFAN, African Holdings Corporation signs agreement to pioneer blockchain integration, asset tokenization in Agriculture 

September 9, 2025
Rights Issue: Sovereign Trust Insurance Plc lists 2.864 billion ordinary shares on NGX
Equities

Sovereign Trust’s former chairman, two directors sell shares worth over N2 billion 

September 9, 2025
Livespot360 CEO Deola Art Alade joins Grammy Recording Academy’s 2025 member class 
Business News

Livespot360 CEO Deola Art Alade joins Grammy Recording Academy’s 2025 member class 

September 9, 2025
NUPENG vows to sustain nationwide strike as talks with Dangote Refinery collapse 
Energy

NUPENG vows to sustain nationwide strike as talks with Dangote Refinery collapse 

September 9, 2025
Coremars Capital Limited secures SEC investment banking license
Companies

Coremars Capital Limited secures SEC investment banking license

September 9, 2025
Next Post
Nigeria Ports Authority establishes Export Terminals to ease export process in Nigeria 

Nigeria Ports Authority establishes Export Terminals to ease export process in Nigeria 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

otd
access bank
nairametrics
Palmpay
first bank








DUNS

Recent News

  • From the continent, For the continent: Building homegrown instant payment systems to drive financial inclusion in Africa
  • AFAN, African Holdings Corporation signs agreement to pioneer blockchain integration, asset tokenization in Agriculture 
  • Sovereign Trust’s former chairman, two directors sell shares worth over N2 billion 

Follow us on social media:

Recent News

cross-border payment platforms

From the continent, For the continent: Building homegrown instant payment systems to drive financial inclusion in Africa

September 9, 2025
AFAN, African Holdings Corporation signs agreement to pioneer blockchain integration, asset tokenization in Agriculture 

AFAN, African Holdings Corporation signs agreement to pioneer blockchain integration, asset tokenization in Agriculture 

September 9, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics