Nigeria government bonds · auction 24 Feb 2025 · NGN
Nigeria bond auction, 24 Feb 2025: 7-year at 19.33%
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
19.33%
Largest amount accepted at this auction
Change vs previous 7-year sale
−317 bp
22.50% on 27 Jan 2025
Accepted
NGN 910.4bn
Against NGN 350.0bn on offer
Bid cover
1.79×
Bids of NGN 1,632.2bn ÷ 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
- 19.200%
- Bid range
- 17.00–22.00%
- Previous
- 21.790% 2025-01-27
- Change, bp
- −259
- Offered, NGNm
- 200,000
- Bids, NGNm
- 465,146
- Accepted, NGNm
- 305,362
- Bid cover
- 1.52×
- Source
- notice
- 7-year18.50% FGN FEB 2031matures 21 Feb 2031
- Sale
- reopening
- Coupon
- 18.500%
- Rate
- 19.330%
- Bid range
- 17.00–22.00%
- Previous
- 22.500% 2025-01-27
- Change, bp
- −317
- Offered, NGNm
- 150,000
- Bids, NGNm
- 1,167,092
- Accepted, NGNm
- 605,027
- Bid cover
- 1.93×
- 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% | 19.200% | 17.00–22.00% | 21.790% 2025-01-27 | −259 | 200,000 | 465,146 | 305,362 | 1.52× | notice |
| 7-year18.50% FGN FEB 2031matures 21 Feb 2031 | reopening | 18.500% | 19.330% | 17.00–22.00% | 22.500% 2025-01-27 | −317 | 150,000 | 1,167,092 | 605,027 | 1.93× | 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, 24 Feb 2025, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2025-02-24