Daniel Ivascyn says it’s time to take a more “cautious and defensive” strategy with the $113.7 billion Pimco Income Fund. He says he is taking the tack as central banks move away from accommodating policies that have buttressed markets since the 2008 financial crisis.

The Naira continues to struggle, declining by one naira on the black market over the weekend.

Nigeria's Debt Management Office says it plans to sell up to 430 billion naira in local currency bonds in the first quarter of 2017.

Nigeria's vice-president Yemi Osinbajo says the country hopes to conclude the sale of a $1 billion Eurobond by the first quarter of 2017 and make its exchange rate more flexible.

It's a tough time for banks in Nigeria. Ahead of the November Monetary Policy Committee meeting, Ejikeme Okoli, Research & Market Intelligence Officer joins CNBC Africa discuss how the MPC can help the banks.

The 200 basis point hike of the monetary policy rate by the Central Bank of Nigeria continued to unnerve the fixed income markets as sentiments maintained a bearish stance.

Traders say market indicators are pointing to a further increase in bearish sentiments. Lekan Olabisi, Forex dealer at GT Bank, joins CNBC Africa to review the fixed income and forex markets.

The fixed income market opened the week on a calm note as market participants await the release of March inflation data scheduled for today.