[Explainer] What the CBN Fixed Income Market Takeover really means, according to a Capital Markets Trader
- The CBN will assume full operational control of Nigeria's fixed income market in November 2025.
- In 2024, Nigeria's fixed-income market recorded ₦461.34 trillion in total turnover.
- The CBN aims to replicate transparency gains from the foreign exchange market in the fixed income sector.
The CBN's move to take control of the fixed income market is a bold step that could lead to significant improvements in market transparency and efficiency. However, the success of this initiative will depend on the CBN's ability to balance oversight with the need for market flexibility. Engaging collaboratively with existing market infrastructure providers like FMDQ will be crucial to avoid potential pitfalls and ensure a smooth transition.
