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The short answer
The Debt Management Office publishes Nigeria's Eurobond closing prices and yields on its website, using Bloomberg data, for each of the government's dollar bonds. For a price you can actually deal at, ask a bank or broker for a live quote, because published yields are end-of-day indications and move every trading day.
Where the figures are published
This page does not print a yield, because the number changes daily and a stale figure would mislead. Instead it tells you where the current one is shown and how to read it.
- DMO website: under FGN Bonds, the Eurobonds Trading section carries a table titled 'Nigeria's Eurobonds closing prices and yields' for a stated date. The table credits Bloomberg as its source.
- Bloomberg and other market data terminals: the original source, used by banks and fund managers; full access is by subscription.
- Your bank's wealth or treasury desk, or a broker: gives a dealing quote, the price at which it will buy or sell to you now.
- Fund managers' factsheets: dollar funds that hold Eurobonds report their own yield, which reflects the whole portfolio and fees.
How the DMO table is laid out
Each table we checked lists every Nigerian Eurobond in issue with:
- Bond name
- Coupon, issue size and maturity, for example a bond due in November 2027 or September 2051.
- Price (US$)
- The closing price per 100 of face value. Above 100 means the bond trades at a premium.
- Yield (%)
- The return you would earn if you bought at that price and held to maturity, with all coupons paid.
- Yield at issue (%)
- The coupon rate the bond was sold with.
The table for 4 September 2026 covered 15 bonds maturing between 2027 and 2051. It does not show a daily change column, so to see direction compare two dates yourself.
Reading price, yield and coupon together
The coupon never changes after issue; price and yield move in opposite directions. If investors demand more return from Nigeria, prices fall and yields rise. If confidence improves, prices rise and yields fall. A bond with a high coupon trades above 100 when market yields are below that coupon, so its yield is lower than its coupon. This is why the 'yield' column, not the coupon, is the figure to compare with other investments.
Using the table well
- Note the date at the top. A table from last month is history, not today's market.
- Pick the maturity that matches how long you can leave the money.
- Compare the yield across maturities: longer bonds usually yield more, which is the dollar yield curve.
- Ask your bank for a dealing quote on that bond and compare it with the published yield. The difference is roughly the dealer's spread and fees.
Why your quote differs from the published yield
- Timing: the DMO table is a closing figure for a specific day.
- Spread: dealers buy at a lower price than they sell; small trades get wider spreads.
- Accrued interest: you pay the interest built up since the last coupon on top of the price.
- Fees: commission and custody charges reduce your return.
For a fair comparison, ask the dealer for the yield on its quote as well as the price. If its yield is well below the DMO's closing figure for the same bond and date, ask why. A gap of a few hundredths of a point is normal; a gap of a full point on a liquid bond is worth questioning.
What the yield tells a saver
Eurobond yields are a measure of what international investors charge Nigeria to borrow in dollars. When they fall, Nigeria can borrow more cheaply and existing bondholders gain on price. For someone holding dollars, the yield on a short-dated Nigerian Eurobond is a reference point when judging any dollar savings product: a product offering far more than the government's own dollar yield is taking more risk somewhere, and you should ask where.
For the bigger picture see Nigeria's yield curve explained, why bond prices fall when yields rise and diaspora investment options.
Example: reading one row
Example with made-up figures, to show the method: suppose a row reads coupon 8%, price 104, yield 7.2%. The bond pays 8 dollars a year for every 100 of face value. A buyer today pays 104, and because only 100 is repaid at maturity, the 4 extra dollars are lost over the bond's life. Spread over the years left, that brings the return down to 7.2%. If the next day's table shows a price of 102 and a yield of 7.5%, the market has demanded more return and the bond has lost value for anyone holding it.
A different dollar bond: the domestic issue
Do not confuse the Eurobonds in the DMO table with the domestic FGN US dollar bond. The DMO's August 2024 FAQ describes that bond as issued in Nigeria, listed on NGX and FMDQ and tradable, with a minimum of US$10,000. Its prices are quoted on the local exchanges, not in the Eurobond table, and the DMO says Eurobonds typically trade in much larger lots of about US$200,000.
Where Pryme fits
Pryme does not quote Eurobonds. Dollars you receive into a Pryme multicurrency account stay in dollars until you choose to Swap, with the rate and fee shown first.
Questions people ask
Where can I check Nigeria Eurobond yields today?
On the DMO website's Eurobonds Trading section, which posts closing prices and yields from Bloomberg, and from your bank or broker for a live dealing quote.
What does Eurobond yield mean?
The annual return you would earn buying at today's price and holding to maturity. It moves opposite to the price; the coupon stays fixed.
Why is the Eurobond yield lower than the coupon?
Because the bond trades above face value. You pay more than 100 to receive the coupon, so your return is lower than the coupon rate.
Do Eurobond yields change daily?
Yes. They move every trading day with demand for Nigerian debt and global interest rates.
Sources
- DMO: Nigeria's Eurobonds closing prices and yields as at Friday, 4 September 2026 (Bloomberg data) · accessed Oct 2026
- DMO: Domestic FGN US Dollar Bond FAQs (Aug 2024) · accessed Oct 2026
This article is general information, not financial, legal or tax advice. Products described are provided under the terms on this site and are subject to regulation and eligibility.