Nigeria government bonds · auction 24 Mar 2025 · NGN
Nigeria bond auction, 24 Mar 2025: 9-year at 19.99%
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: 9-year bond 19.89% FGN MAY 2033
19.99%
Largest amount accepted at this auction
Change vs previous 9-year sale
−6 bp
20.05% on 23 Sep 2024
Accepted
NGN 271.2bn
Against NGN 300.0bn on offer
Bid cover
1.96×
Bids of NGN 530.3bn ÷ 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
- 19.000%
- Bid range
- 19.00–22.00%
- Previous
- 19.200% 2025-02-24
- Change, bp
- −20
- Offered, NGNm
- 200,000
- Bids, NGNm
- 59,069
- Accepted, NGNm
- 4,686
- Bid cover
- 12.61×
- Source
- notice
- 9-year19.89% FGN MAY 2033matures 15 May 2033
- Sale
- reopening
- Coupon
- 19.890%
- Rate
- 19.990%
- Bid range
- 17.50–25.00%
- Previous
- 20.050% 2024-09-23
- Change, bp
- −6
- Offered, NGNm
- 100,000
- Bids, NGNm
- 471,241
- Accepted, NGNm
- 266,542
- Bid cover
- 1.77×
- 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% | 19.000% | 19.00–22.00% | 19.200% 2025-02-24 | −20 | 200,000 | 59,069 | 4,686 | 12.61× | notice |
| 9-year19.89% FGN MAY 2033matures 15 May 2033 | reopening | 19.890% | 19.990% | 17.50–25.00% | 20.050% 2024-09-23 | −6 | 100,000 | 471,241 | 266,542 | 1.77× | 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 Mar 2025, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2025-03-24