Nigeria, March 6 -- Nigeria's Eurobond market ended February on a high note, indicating continued confidence among international investors.

The Debt Management Office (DMO) reports that the average yield on Nigerian Eurobonds closed at 8.80%, down 41 basis points from 9.21% at the start of February, indicating robust investor demand.

Nigeria led the area in the Sub-Saharan African Eurobond market, where rates decreased by 27 basis points to an average of 8.4 percent.

According to Afrinvest analysts, this was due to the region's sustained appeal despite strengthening macroeconomic conditions and declining interest rate pivots.

"Kenyan bonds led gains, with yields falling 49 basis points following the announcement of plans to implement ...