Nigeria government bonds · auction 16 Dec 2024 · NGN
Nigeria bond auction, 16 Dec 2024: 7-year at 22.00%
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
22.00%
Largest amount accepted at this auction
Change vs previous 7-year sale
0 bp
22.00% on 18 Nov 2024
Accepted
NGN 211.1bn
Against NGN 120.0bn on offer
Bid cover
1.32×
Bids of NGN 278.8bn ÷ 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
- 21.140%
- Bid range
- 19.30–22.14%
- Previous
- 21.000% 2024-11-18
- Change, bp
- +14
- Offered, NGNm
- 60,000
- Bids, NGNm
- 67,457
- Accepted, NGNm
- 51,857
- Bid cover
- 1.30×
- Source
- notice
- 7-year18.50% FGN FEB 2031matures 21 Feb 2031
- Sale
- reopening
- Coupon
- 18.500%
- Rate
- 22.000%
- Bid range
- 19.00–24.00%
- Previous
- 22.000% 2024-11-18
- Change, bp
- 0
- Offered, NGNm
- 60,000
- Bids, NGNm
- 211,363
- Accepted, NGNm
- 159,287
- Bid cover
- 1.33×
- 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% | 21.140% | 19.30–22.14% | 21.000% 2024-11-18 | +14 | 60,000 | 67,457 | 51,857 | 1.30× | notice |
| 7-year18.50% FGN FEB 2031matures 21 Feb 2031 | reopening | 18.500% | 22.000% | 19.00–24.00% | 22.000% 2024-11-18 | 0 | 60,000 | 211,363 | 159,287 | 1.33× | 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, 16 Dec 2024, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2024-12-16