The Central Bank of Nigeria (CBN) has unveiled new regulations to assert greater control over the country’s fixed income market, in a move aimed at boosting transparency and strengthening regulatory oversight. The reforms, set to take effect in November, are part of a broader initiative to enhance the financial sector’s capacity to transmit monetary policy and support economic growth.
Under the new framework, the CBN will directly manage the trading platform and oversee end-to-end settlement activities through its established settlement system. According to the apex bank, this transition is expected to streamline market operations and improve investor confidence.
Fixed income securities, which provide investors with periodic interest payments and principal repayment at maturity, are a critical component of Nigeria’s financial markets. Analysts say the CBN’s intervention could reshape trading dynamics and deepen the country’s capital market.
