Nigeria government bonds · auction 23 Jun 2025 · NGN
Nigeria bond auction, 23 Jun 2025: 7-year at 17.95%
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 17.95% FGN JUN 2032
17.95%
Largest amount accepted at this auction
Change vs previous 7-year sale
−138 bp
19.33% on 24 Feb 2025
Accepted
NGN 100.0bn
Against NGN 100.0bn on offer
Bid cover
6.03×
Bids of NGN 602.9bn ÷ 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
- 17.750%
- Bid range
- 17.00–19.50%
- Previous
- 18.980% 2025-05-26
- Change, bp
- −123
- Offered, NGNm
- 50,000
- Bids, NGNm
- 41,685
- Accepted, NGNm
- 1,050
- Bid cover
- 39.70×
- Source
- notice
- 7-year17.95% FGN JUN 2032matures 25 Jun 2032
- Sale
- —
- Coupon
- 17.950%
- Rate
- 17.950%
- Bid range
- 15.00–20.00%
- Previous
- 19.330% 2025-02-24
- Change, bp
- −138
- Offered, NGNm
- 50,000
- Bids, NGNm
- 561,170
- Accepted, NGNm
- 98,950
- Bid cover
- 5.67×
- 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% | 17.750% | 17.00–19.50% | 18.980% 2025-05-26 | −123 | 50,000 | 41,685 | 1,050 | 39.70× | notice |
| 7-year17.95% FGN JUN 2032matures 25 Jun 2032 | — | 17.950% | 17.950% | 15.00–20.00% | 19.330% 2025-02-24 | −138 | 50,000 | 561,170 | 98,950 | 5.67× | 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, 23 Jun 2025, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2025-06-23