Nigeria government bonds · auction 27 Oct 2025 · NGN
Nigeria bond auction, 27 Oct 2025: 7-year at 15.85%
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: 7-year bond 17.95% FGN JUN 2032
15.85%
Largest amount accepted at this auction
Change vs previous 7-year sale
−35 bp
16.20% on 29 Sep 2025
Accepted
NGN 313.8bn
Against NGN 260.0bn on offer
Bid cover
4.05×
Bids of NGN 1,271.0bn ÷ 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
- 15.832%
- Bid range
- 15.00–16.50%
- Previous
- 16.000% 2025-09-29
- Change, bp
- −16.8
- Offered, NGNm
- 130,000
- Bids, NGNm
- 212,662
- Accepted, NGNm
- 87,798
- Bid cover
- 2.42×
- Source
- notice
- 7-year17.95% FGN JUN 2032matures 25 Jun 2032
- Sale
- reopening
- Coupon
- 17.950%
- Rate
- 15.850%
- Bid range
- 14.50–17.40%
- Previous
- 16.200% 2025-09-29
- Change, bp
- −35
- Offered, NGNm
- 130,000
- Bids, NGNm
- 1,058,288
- Accepted, NGNm
- 225,973
- Bid cover
- 4.68×
- 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% | 15.832% | 15.00–16.50% | 16.000% 2025-09-29 | −16.8 | 130,000 | 212,662 | 87,798 | 2.42× | notice |
| 7-year17.95% FGN JUN 2032matures 25 Jun 2032 | reopening | 17.950% | 15.850% | 14.50–17.40% | 16.200% 2025-09-29 | −35 | 130,000 | 1,058,288 | 225,973 | 4.68× | 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, 27 Oct 2025, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2025-10-27