Nigeria government bonds · auction 26 Jan 2026 · NGN
Nigeria bond auction, 26 Jan 2026: 10-year at 17.50%
3 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: 10-year bond 19.00% FGN FEB 2034
17.50%
Largest amount accepted at this auction
Change vs previous 10-year sale
−510 bp
22.60% on 27 Jan 2025
Accepted
NGN 1,544.7bn
Against NGN 900.0bn on offer
Bid cover
1.46×
Bids of NGN 2,252.7bn ÷ accepted
Results
Every line, 3 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.
- 7-year18.50% FGN FEB 2031matures 21 Feb 2031
- Sale
- reopening
- Coupon
- 18.500%
- Rate
- 17.620%
- Bid range
- 15.85–18.50%
- Previous
- 17.300% 2025-12-15
- Change, bp
- +32
- Offered, NGNm
- 300,000
- Bids, NGNm
- 514,450
- Accepted, NGNm
- 398,190
- Bid cover
- 1.29×
- Source
- notice
- 10-year19.00% FGN FEB 2034matures 21 Feb 2034
- Sale
- reopening
- Coupon
- 19.000%
- Rate
- 17.500%
- Bid range
- 16.00–19.40%
- Previous
- 22.600% 2025-01-27
- Change, bp
- −510
- Offered, NGNm
- 400,000
- Bids, NGNm
- 1,006,860
- Accepted, NGNm
- 576,330
- Bid cover
- 1.75×
- Source
- notice
- 10-year22.60% FGN JAN 2035matures 29 Jan 2035
- Sale
- reopening
- Coupon
- 22.600%
- Rate
- 17.520%
- Bid range
- 16.00–25.90%
- Previous
- 22.600% 2025-01-27
- Change, bp
- −508
- Offered, NGNm
- 200,000
- Bids, NGNm
- 731,399
- Accepted, NGNm
- 570,160
- Bid cover
- 1.28×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7-year18.50% FGN FEB 2031matures 21 Feb 2031 | reopening | 18.500% | 17.620% | 15.85–18.50% | 17.300% 2025-12-15 | +32 | 300,000 | 514,450 | 398,190 | 1.29× | notice |
| 10-year19.00% FGN FEB 2034matures 21 Feb 2034 | reopening | 19.000% | 17.500% | 16.00–19.40% | 22.600% 2025-01-27 | −510 | 400,000 | 1,006,860 | 576,330 | 1.75× | notice |
| 10-year22.60% FGN JAN 2035matures 29 Jan 2035 | reopening | 22.600% | 17.520% | 16.00–25.90% | 22.600% 2025-01-27 | −508 | 200,000 | 731,399 | 570,160 | 1.28× | 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 Jan 2026, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2026-01-26