Nigerian Government Bond Yields (USD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/usd-government-nigeria-nigeria
Nigerian Government Bond Yields (USD) as of 2026-10-26: 10Y at 8.14%, fitted curve 12M–25Y (5.65%–8.57%), 15 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 12M | 5.65% | — |
| 2Y | 6.26% | 7.03% |
| 3Y | 6.66% | 7.68% |
| 4Y | 6.98% | 8.26% |
| 5Y | 7.26% | 8.83% |
| 7Y | 7.71% | 9.45% |
| 8Y | 7.88% | 9.85% |
| 9Y | 8.03% | 9.99% |
| 10Y | 8.14% | 10.05% |
| 20Y | 8.54% | 9.70% |
| 25Y | 8.57% | 9.13% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 6.26% and the 10-year 8.14%, a 10Y−2Y spread of +188 bp — positively sloped — as of 2026-10-26. 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 | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 6.26% | 6.23% | 6.16% | 5.96% | 6.12% | 6.09% | 5.95% |
| 10Y | 8.14% | 7.69% | 7.55% | 7.51% | 7.58% | 7.42% | 7.43% |
| 10Y − 2Y | +188 bp | +146 bp | +139 bp | +154 bp | +146 bp | +133 bp | +148 bp |
Bonds in this curve
The 15 bonds behind this curve.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Nigeria | 5.71% | 2027-11-28 | 6.50% | XS1717011982 |
| Nigeria | 6.19% | 2028-09-28 | 6.12% | XS2384698994 |
| Nigeria | 6.48% | 2029-03-24 | 8.38% | XS2445169985 |
| Nigeria | 6.85% | 2030-02-23 | 7.14% | XS1777972511 |
| Nigeria | 7.09% | 2031-01-21 | 8.75% | XS1910827887 |
| Nigeria | 7.20% | 2031-06-09 | 9.62% | XS2948511949 |
| Nigeria | 7.41% | 2032-02-16 | 7.88% | XS1566179039 |
| Nigeria | 7.75% | 2033-09-28 | 7.38% | XS2384701020 |
| Nigeria | 7.87% | 2034-12-09 | 10.38% | XS2948512913 |
| Nigeria | 8.06% | 2036-01-13 | 8.63% | XS3218072919 |
| Nigeria | 7.99% | 2038-02-23 | 7.70% | XS1777972941 |
| Nigeria | 8.64% | 2046-01-13 | 9.13% | XS3218073057 |
| Nigeria | 8.43% | 2047-11-28 | 7.62% | XS1717013095 |
| Nigeria | 8.59% | 2049-01-21 | 9.25% | XS1910828182 |
| Nigeria | 8.65% | 2051-09-28 | 8.25% | XS2384704800 |