Nigeria government bonds · auction 25 Aug 2025 · NGN
Nigeria bond auction, 25 Aug 2025: 7-year at 18.00%
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
18.00%
Largest amount accepted at this auction
Change vs previous 7-year sale
+210 bp
15.90% on 28 Jul 2025
Accepted
NGN 136.2bn
Against NGN 200.0bn on offer
Bid cover
1.97×
Bids of NGN 268.2bn ÷ 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-year17.945% FGN AUG 2030matures 27 Aug 2030
- Sale
- —
- Coupon
- 17.945%
- Rate
- 17.945%
- Bid range
- 12.50–21.50%
- Previous
- 15.690% 2025-07-28
- Change, bp
- +225.5
- Offered, NGNm
- 100,000
- Bids, NGNm
- 102,355
- Accepted, NGNm
- 46,005
- Bid cover
- 2.22×
- Source
- notice
- 7-year17.95% FGN JUN 2032matures 25 Jun 2032
- Sale
- reopening
- Coupon
- 17.950%
- Rate
- 18.000%
- Bid range
- 15.00–22.00%
- Previous
- 15.900% 2025-07-28
- Change, bp
- +210
- Offered, NGNm
- 100,000
- Bids, NGNm
- 165,807
- Accepted, NGNm
- 90,157
- Bid cover
- 1.84×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5-year17.945% FGN AUG 2030matures 27 Aug 2030 | — | 17.945% | 17.945% | 12.50–21.50% | 15.690% 2025-07-28 | +225.5 | 100,000 | 102,355 | 46,005 | 2.22× | notice |
| 7-year17.95% FGN JUN 2032matures 25 Jun 2032 | reopening | 17.950% | 18.000% | 15.00–22.00% | 15.900% 2025-07-28 | +210 | 100,000 | 165,807 | 90,157 | 1.84× | 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, 25 Aug 2025, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2025-08-25