En collaboration avec Standard Bank Group, BNY Mellon, has launched Global Depositary Notes (GDNs) backed by Nigerian sovereign debt denominated in naira.

The program allows international investors to access high-yielding Nigerian government bonds and treasuries through GDN that can be settled by Euroclear and Clearstream. It was confirmed by the Central Bank of Nigeria on Thursday, following a Bloomberg report. This program opens up Nigeria's local debt market to a greater number of institutional investors by overcoming obstacles related to the clearing and custody of securities. The launch of global deposit notes for Nigerian sovereign debt marks an important step in integrating Africa's most populous country into global capital markets. This structure allows investors to hold assets denominated in naira without having to directly access the Nigerian bond market or deal with the complexity of local regulations

Nigeria offers some of the highest returns in emerging markets. In June 2025, 182-day Treasury bills yielded 18.5%, while the benchmark bond in 2033 traded at