Nigeria government bonds · auction 19 Sep 2022 · NGN
Nigeria bond auction, 19 Sep 2022: 20-year at 14.50%
3 bond lines from the Debt Management Office, Nigeria’s own result. Rates are the marginal (stop) rate, percent per annum; uniform-price auctions, so every successful bid pays it. Information, not advice.
Headline: 20-year bond 16.2499% FGN APR 2037
14.50%
Largest amount accepted at this auction
Change vs previous 20-year sale
+50 bp
14.00% on 15 Aug 2022
Accepted
NGN 229.2bn
Against NGN 225.0bn on offer
Bid cover
1.08×
Bids of NGN 246.4bn ÷ accepted
Results
Every line, 3 in all
Amounts in NGN millions. Change is in basis points (100 bp = 1 percentage point) from the previous sale of the same tenor, whenever it was. Bid cover is bids received divided by the amount accepted.
- 10-year12.50% FGN APR 2032matures 27 Apr 2032
- Sale
- reopening
- Coupon
- 12.500%
- Rate
- 13.849%
- Bid range
- 12.49–14.50%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 75,000
- Bids, NGNm
- 56,943
- Accepted, NGNm
- 47,443
- Bid cover
- 1.20×
- Source
- notice
- 10-year13.53% FGN MAR 2025matures 23 Mar 2025
- Sale
- reopening
- Coupon
- 13.530%
- Rate
- 13.500%
- Bid range
- 10.95–13.90%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 75,000
- Bids, NGNm
- 43,861
- Accepted, NGNm
- 42,361
- Bid cover
- 1.04×
- Source
- notice
- 20-year16.2499% FGN APR 2037matures 18 Apr 2037
- Sale
- reopening
- Coupon
- 16.250%
- Rate
- 14.500%
- Bid range
- 13.45–16.50%
- Previous
- 14.000% 2022-08-15
- Change, bp
- +50
- Offered, NGNm
- 75,000
- Bids, NGNm
- 145,637
- Accepted, NGNm
- 139,398
- Bid cover
- 1.04×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10-year12.50% FGN APR 2032matures 27 Apr 2032 | reopening | 12.500% | 13.849% | 12.49–14.50% | — | n/a | 75,000 | 56,943 | 47,443 | 1.20× | notice |
| 10-year13.53% FGN MAR 2025matures 23 Mar 2025 | reopening | 13.530% | 13.500% | 10.95–13.90% | — | n/a | 75,000 | 43,861 | 42,361 | 1.04× | notice |
| 20-year16.2499% FGN APR 2037matures 18 Apr 2037 | reopening | 16.250% | 14.500% | 13.45–16.50% | 14.000% 2022-08-15 | +50 | 75,000 | 145,637 | 139,398 | 1.04× | notice |
Source notice: dmo.gov.ng. Compiled by Afronomics, data updated 2026-10-19. Information, not advice.
Data
Take the data with you
CSV
Every Nigeria bond auction we hold, one row per line. Latest 12 months free; full history with a key.
/api/data/bonds/nigeriaJSON API
This auction’s lines as JSON. Latest 12 months free; full history with a key.
/api/v1/bonds/nigeria?from=2022-09-19&to=2022-09-19For investment teams
A 30-day pilot: an API key with the full history of every market we cover, free.
Request a pilotCite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Debt Management Office, Nigeria” and a link to this page.
Afronomics (2026). Nigeria government bond auction, 19 Sep 2022, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2022-09-19