Nigeria government bonds · auction 27 Jan 2025 · NGN
Nigeria bond auction, 27 Jan 2025: 10-year at 22.60%
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 22.60% FGN JAN 2035
22.60%
Largest amount accepted at this auction
Change vs previous 10-year sale
+260 bp
20.00% on 15 Apr 2024
Accepted
NGN 601.0bn
Against NGN 450.0bn on offer
Bid cover
1.11×
Bids of NGN 669.9bn ÷ 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.
- 5-year19.30% FGN APR 2029matures 17 Apr 2029
- Sale
- reopening
- Coupon
- 19.300%
- Rate
- 21.790%
- Bid range
- 19.30–22.75%
- Previous
- 21.140% 2024-12-16
- Change, bp
- +65
- Offered, NGNm
- 100,000
- Bids, NGNm
- 92,660
- Accepted, NGNm
- 78,859
- Bid cover
- 1.18×
- Source
- notice
- 7-year18.50% FGN FEB 2031matures 21 Feb 2031
- Sale
- reopening
- Coupon
- 18.500%
- Rate
- 22.500%
- Bid range
- 20.00–23.45%
- Previous
- 22.000% 2024-12-16
- Change, bp
- +50
- Offered, NGNm
- 150,000
- Bids, NGNm
- 175,870
- Accepted, NGNm
- 153,869
- Bid cover
- 1.14×
- Source
- notice
- 10-year22.60% FGN JAN 2035matures 29 Jan 2035
- Sale
- —
- Coupon
- 22.600%
- Rate
- 22.600%
- Bid range
- 15.00–29.00%
- Previous
- 20.000% 2024-04-15
- Change, bp
- +260
- Offered, NGNm
- 200,000
- Bids, NGNm
- 401,409
- Accepted, NGNm
- 368,309
- Bid cover
- 1.09×
- 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% | 21.790% | 19.30–22.75% | 21.140% 2024-12-16 | +65 | 100,000 | 92,660 | 78,859 | 1.18× | notice |
| 7-year18.50% FGN FEB 2031matures 21 Feb 2031 | reopening | 18.500% | 22.500% | 20.00–23.45% | 22.000% 2024-12-16 | +50 | 150,000 | 175,870 | 153,869 | 1.14× | notice |
| 10-year22.60% FGN JAN 2035matures 29 Jan 2035 | — | 22.600% | 22.600% | 15.00–29.00% | 20.000% 2024-04-15 | +260 | 200,000 | 401,409 | 368,309 | 1.09× | 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, 27 Jan 2025, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2025-01-27