Nigerian Government Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-government-nigeria-nigeria
Nigerian Government Bond Yields (USD) as of 2026-09-10: 10Y at 7.56%, fitted curve 12M–25Y (5.98%–8.15%), 15 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 12M | 5.98% | — |
| 2Y | 6.21% | 6.56% |
| 3Y | 6.43% | 7.04% |
| 4Y | 6.64% | 7.50% |
| 5Y | 6.83% | 7.93% |
| 7Y | 7.18% | 8.48% |
| 8Y | 7.32% | 8.92% |
| 9Y | 7.45% | 9.15% |
| 10Y | 7.56% | 9.33% |
| 20Y | 8.09% | 9.54% |
| 25Y | 8.15% | 9.21% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 6.21% and the 10-year 7.56%, a 10Y−2Y spread of +136 bp — positively sloped — as of 2026-09-10. The chart and table below track how they have moved.
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 6.21% | 6.04% | 6.15% | 6.18% | 6.26% | 6.13% | — |
| 10Y | 7.56% | 7.43% | 7.41% | 7.42% | 7.16% | 7.95% | 7.89% |
| 10Y − 2Y | +136 bp | +138 bp | +126 bp | +124 bp | +90 bp | +182 bp | — |
Bonds in this curve
The 16 bonds behind this curve. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Nigeria | 6.11% | 2027-11-28 | 6.50% | XS1717011982 |
| Nigeria | 6.09% | 2028-09-28 | 6.12% | XS2384698994 |
| Nigeria | 6.18% | 2029-03-24 | 8.38% | XS2445169985 |
| Nigeria | 6.57% | 2030-02-23 | 7.14% | US65412JAD54 |
| Nigeria | 6.38% | 2030-02-23 | 7.14% | XS1777972511 |
| Nigeria | 6.59% | 2031-01-21 | 8.75% | XS1910827887 |
| Nigeria | 6.74% | 2031-06-09 | 9.62% | XS2948511949 |
| Nigeria | 7.26% | 2032-02-16 | 7.88% | XS1566179039 |
| Nigeria | 7.18% | 2033-09-28 | 7.38% | XS2384701020 |
| Nigeria | 7.41% | 2034-12-09 | 10.38% | XS2948512913 |
| Nigeria | 7.40% | 2036-01-13 | 8.63% | XS3218072919 |
| Nigeria | 7.51% | 2038-02-23 | 7.70% | XS1777972941 |
| Nigeria | 8.13% | 2046-01-13 | 9.13% | XS3218073057 |
| Nigeria | 7.92% | 2047-11-28 | 7.62% | XS1717013095 |
| Nigeria | 8.16% | 2049-01-21 | 9.25% | XS1910828182 |
| Nigeria | 8.22% | 2051-09-28 | 8.25% | XS2384704800 |