Nigeria government bonds · auction 29 Sep 2025 · NGN
Nigeria bond auction, 29 Sep 2025: 7-year at 16.20%
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
16.20%
Largest amount accepted at this auction
Change vs previous 7-year sale
−180 bp
18.00% on 25 Aug 2025
Accepted
NGN 576.6bn
Against NGN 200.0bn on offer
Bid cover
2.19×
Bids of NGN 1,260.0bn ÷ 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
- reopening
- Coupon
- 17.945%
- Rate
- 16.000%
- Bid range
- 15.00–17.95%
- Previous
- 17.945% 2025-08-25
- Change, bp
- −194.5
- Offered, NGNm
- 100,000
- Bids, NGNm
- 231,792
- Accepted, NGNm
- 87,798
- Bid cover
- 2.64×
- Source
- notice
- 7-year17.95% FGN JUN 2032matures 25 Jun 2032
- Sale
- reopening
- Coupon
- 17.950%
- Rate
- 16.200%
- Bid range
- 14.95–19.20%
- Previous
- 18.000% 2025-08-25
- Change, bp
- −180
- Offered, NGNm
- 100,000
- Bids, NGNm
- 1,028,204
- Accepted, NGNm
- 488,826
- Bid cover
- 2.10×
- 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 | reopening | 17.945% | 16.000% | 15.00–17.95% | 17.945% 2025-08-25 | −194.5 | 100,000 | 231,792 | 87,798 | 2.64× | notice |
| 7-year17.95% FGN JUN 2032matures 25 Jun 2032 | reopening | 17.950% | 16.200% | 14.95–19.20% | 18.000% 2025-08-25 | −180 | 100,000 | 1,028,204 | 488,826 | 2.10× | 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, 29 Sep 2025, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2025-09-29