HISTORY AND PROSPECT OF THE NIGERIA GOVERNMENT BONDS MARKET
The study focuses on the development of government bond market in Nigeria. It explores the history, structure, performance and key issues related to the development of bond market with the broader context of domestic, regional and global bond market development. The Nigeria government bond market provides valuable lessons for other emerging market economies also seeking to build bond market. The sophistication of the local bond market is not enough to make it appealing to foreign borrowers. Market development demands an enabling market infrastructure and a background of macro-economic stability, diversified market participants, an appropriate regulatory and supervision environment.