Nigeria government bonds · auction 18 Mar 2024 · NGN
Nigeria bond auction, 18 Mar 2024: 10-year at 20.45%
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: 10-year bond 19.00% FGN FEB 2034
20.45%
Largest amount accepted at this auction
Change vs previous 10-year sale
+145 bp
19.00% on 19 Feb 2024
Accepted
NGN 475.7bn
Against NGN 450.0bn on offer
Bid cover
1.29×
Bids of NGN 615.0bn ÷ 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.
- 3-year19.94% FGN MAR 2027matures 20 Mar 2027
- Sale
- new
- Coupon
- 19.940%
- Rate
- 19.940%
- Bid range
- 17.00–24.00%
- Previous
- 12.140% 2014-10-15
- Change, bp
- +780
- Offered, NGNm
- 150,000
- Bids, NGNm
- 264,628
- Accepted, NGNm
- 151,928
- Bid cover
- 1.74×
- Source
- notice
- 7-year18.50% FGN FEB 2031matures 21 Feb 2031
- Sale
- reopening
- Coupon
- 18.500%
- Rate
- 20.000%
- Bid range
- 17.00–23.00%
- Previous
- 18.500% 2024-02-19
- Change, bp
- +150
- Offered, NGNm
- 150,000
- Bids, NGNm
- 51,786
- Accepted, NGNm
- 47,886
- Bid cover
- 1.08×
- Source
- notice
- 10-year19.00% FGN FEB 2034matures 21 Feb 2034
- Sale
- reopening
- Coupon
- 19.000%
- Rate
- 20.450%
- Bid range
- 17.50–25.00%
- Previous
- 19.000% 2024-02-19
- Change, bp
- +145
- Offered, NGNm
- 150,000
- Bids, NGNm
- 298,600
- Accepted, NGNm
- 275,850
- Bid cover
- 1.08×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3-year19.94% FGN MAR 2027matures 20 Mar 2027 | new | 19.940% | 19.940% | 17.00–24.00% | 12.140% 2014-10-15 | +780 | 150,000 | 264,628 | 151,928 | 1.74× | notice |
| 7-year18.50% FGN FEB 2031matures 21 Feb 2031 | reopening | 18.500% | 20.000% | 17.00–23.00% | 18.500% 2024-02-19 | +150 | 150,000 | 51,786 | 47,886 | 1.08× | notice |
| 10-year19.00% FGN FEB 2034matures 21 Feb 2034 | reopening | 19.000% | 20.450% | 17.50–25.00% | 19.000% 2024-02-19 | +145 | 150,000 | 298,600 | 275,850 | 1.08× | notice |
Source notice: dmo.gov.ng. Compiled by Afronomics, data updated 2026-10-19. Information, not advice.
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Afronomics (2026). Nigeria government bond auction, 18 Mar 2024, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2024-03-18