| S/N | Securities / Instruments | Quote Obligation | Order Type(s) | Quote Convention | Standard Order Size ( ₦'mm) | Standard Bid-Offer Spread (bps) | Settlement | Trading Hours |
|---|---|---|---|---|---|---|---|---|
| 1 | FGN Bonds | 2WQ | AFO and RFQ | Price | 100 | 15 (TTM≤3Y) 30 (TTM>3Y) | T+2 days | 10:00 AM to 2:00 PM |
| 2 | FGN Eurobonds | 1WQ | RFQ | Price | N/A | N/A | T+2 days | 10:00 AM to 2:00 PM |
| 3 | Sub-National Bonds | 1WQ | RFQ | Price | 50 | 30 | T+2 days | 10:00 AM to 2:00 PM |
| 4 | Short-term Bonds | 1WQ | RFQ | Price | 100 | 15 | T+2 days | 10:00 AM to 2:00 PM |
| 5 | Supranational Bonds | 1WQ | RFQ | Price | N/A | N/A | T+2 days | 10:00 AM to 2:00 PM |
| 6 | Agency Bonds | 1WQ | RFQ | Price | 50 | 30 | T+2 days | 10:00 AM to 2:00 PM |
| 7 | Corporate Bonds | 1WQ | RFQ | Price | 75 | 30 | T+2 days | 10:00 AM to 2:00 PM |
| 8 | Corporate Eurobonds | 1WQ | RFQ | Price | N/A | N/A | T+2 days | 10:00 AM to 2:00 PM |
| 9 | Sukuk | 1WQ | RFQ | Price | N/A | N/A | T+2 days | 10:00 AM to 2:00 PM |
| 10 | FGN Promissory Notes | 1WQ | RFQ | Price | N/A | 15 (TTM≤3Y) 30 (TTM>3Y) | T+2 days | 10:00 AM to 2:00 PM |
| 11 | OMO Bills | 1WQ | RFQ | Discount | N/A | 25 | T+2 days | 10:00 AM to 2:00 PM |
| 12 | CBN Special Bills | 1WQ | RFQ | Discount | N/A | 25 | T+2 days | 10:00 AM to 2:00 PM |
| 13 | Treasury Bills | 1WQ | RFQ | Discount | 250 | 25 | T+2 days | 10:00 AM to 2:00 PM |
| 14 | Commericial Papers | 2WQ | AFO and RFQ | Discount | 25 | 50 | T+2 days | 10:00 AM to 2:00 PM |
| 15 | Repos | 1WQ | RFQ | Repo Rate | N/A | N/A | T+2 days | 10:00 AM to 2:00 PM |
| 2WQ | Two -way Quote |
| 1WQ | One-way Quote |
| AFO | Anonymous Firm Order |
| RFQ | Request for Quote |