Nigeria government bonds · auction 26 May 2025 · NGN
Nigeria bond auction, 26 May 2025: 9-year at 19.85%
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
19.85%
Largest amount accepted at this auction
Change vs previous 9-year sale
−14.1 bp
19.99% on 28 Apr 2025
Accepted
NGN 300.7bn
Against NGN 300.0bn on offer
Bid cover
1.45×
Bids of NGN 436.4bn ÷ 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
- 18.980%
- Bid range
- 17.00–20.00%
- Previous
- 19.000% 2025-04-28
- Change, bp
- −2
- Offered, NGNm
- 100,000
- Bids, NGNm
- 16,443
- Accepted, NGNm
- 4,705
- Bid cover
- 3.49×
- Source
- notice
- 9-year19.89% FGN MAY 2033matures 15 May 2033
- Sale
- reopening
- Coupon
- 19.890%
- Rate
- 19.849%
- Bid range
- 15.00–21.43%
- Previous
- 19.990% 2025-04-28
- Change, bp
- −14.1
- Offered, NGNm
- 200,000
- Bids, NGNm
- 419,964
- Accepted, NGNm
- 295,988
- Bid cover
- 1.42×
- 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% | 18.980% | 17.00–20.00% | 19.000% 2025-04-28 | −2 | 100,000 | 16,443 | 4,705 | 3.49× | notice |
| 9-year19.89% FGN MAY 2033matures 15 May 2033 | reopening | 19.890% | 19.849% | 15.00–21.43% | 19.990% 2025-04-28 | −14.1 | 200,000 | 419,964 | 295,988 | 1.42× | 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, 26 May 2025, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2025-05-26