Nigeria government bonds · auction 21 Oct 2024 · NGN
Nigeria bond auction, 21 Oct 2024: 7-year at 21.74%
2 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: 7-year bond 18.50% FGN FEB 2031
21.74%
Largest amount accepted at this auction
Change vs previous 7-year sale
+175 bp
19.99% on 23 Sep 2024
Accepted
NGN 289.6bn
Against NGN 180.0bn on offer
Bid cover
1.34×
Bids of NGN 389.3bn ÷ accepted
Results
Every line, 2 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.
- 5-year19.30% FGN APR 2029matures 17 Apr 2029
- Sale
- reopening
- Coupon
- 19.300%
- Rate
- 20.750%
- Bid range
- 18.00–21.97%
- Previous
- 19.000% 2024-09-23
- Change, bp
- +175
- Offered, NGNm
- 90,000
- Bids, NGNm
- 60,737
- Accepted, NGNm
- 57,237
- Bid cover
- 1.06×
- Source
- notice
- 7-year18.50% FGN FEB 2031matures 21 Feb 2031
- Sale
- reopening
- Coupon
- 18.500%
- Rate
- 21.740%
- Bid range
- 18.50–23.20%
- Previous
- 19.990% 2024-09-23
- Change, bp
- +175
- Offered, NGNm
- 90,000
- Bids, NGNm
- 328,584
- Accepted, NGNm
- 232,360
- Bid cover
- 1.41×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5-year19.30% FGN APR 2029matures 17 Apr 2029 | reopening | 19.300% | 20.750% | 18.00–21.97% | 19.000% 2024-09-23 | +175 | 90,000 | 60,737 | 57,237 | 1.06× | notice |
| 7-year18.50% FGN FEB 2031matures 21 Feb 2031 | reopening | 18.500% | 21.740% | 18.50–23.20% | 19.990% 2024-09-23 | +175 | 90,000 | 328,584 | 232,360 | 1.41× | 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=2024-10-21&to=2024-10-21For 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, 21 Oct 2024, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2024-10-21