As a matter of fact, a recent Bloomberg data on financial market performances shows that Nigeria bond market remains one of the most attractive investment destinations -In the Bloomberg’s Emerging-Market  Local-Currency  Government  Bonds index, which covers major emerging markets such as Nigeria, South Africa, Argentina, China, and Russia, in the 2nd Quarter of 2018, Nigerian local bonds topped the chart with an  33  average total return of 3.2% in dollar returns(The index covers Nigerian Government Bonds with maturities from 2019 to 2037) .
The total return is a combination of the price changes in the bonds over the 2nd Quarter of 2018, the interest returns and the changes in the currency. 42. Nigeria's dominance over this period was due to the stability of the I&E FX rate and the yields being high by emerging-market standards.