Nigeria government bonds · auction 23 Feb 2026 · NGN
Nigeria bond auction, 23 Feb 2026: 9-year at 15.74%
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: 9-year bond 19.89% FGN MAY 2033
15.74%
Largest amount accepted at this auction
Change vs previous 9-year sale
−410.9 bp
19.85% on 26 May 2025
Accepted
NGN 524.3bn
Against NGN 800.0bn on offer
Bid cover
5.15×
Bids of NGN 2,699.2bn ÷ 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-year17.95% FGN JUN 2032matures 25 Jun 2032
- Sale
- reopening
- Coupon
- 17.950%
- Rate
- 15.740%
- Bid range
- 14.90–20.00%
- Previous
- 17.620% 2026-01-26
- Change, bp
- −188
- Offered, NGNm
- 400,000
- Bids, NGNm
- 851,590
- Accepted, NGNm
- 188,140
- Bid cover
- 4.53×
- Source
- notice
- 9-year19.89% FGN MAY 2033matures 15 May 2033
- Sale
- reopening
- Coupon
- 19.890%
- Rate
- 15.740%
- Bid range
- 14.95–20.04%
- Previous
- 19.849% 2025-05-26
- Change, bp
- −410.9
- Offered, NGNm
- 300,000
- Bids, NGNm
- 874,690
- Accepted, NGNm
- 208,630
- Bid cover
- 4.19×
- Source
- notice
- 10-year19.00% FGN FEB 2034matures 21 Feb 2034
- Sale
- reopening
- Coupon
- 19.000%
- Rate
- 15.500%
- Bid range
- 14.95–20.00%
- Previous
- —
- Change, bp
- n/a
- Offered, NGNm
- 100,000
- Bids, NGNm
- 972,930
- Accepted, NGNm
- 127,510
- Bid cover
- 7.63×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7-year17.95% FGN JUN 2032matures 25 Jun 2032 | reopening | 17.950% | 15.740% | 14.90–20.00% | 17.620% 2026-01-26 | −188 | 400,000 | 851,590 | 188,140 | 4.53× | notice |
| 9-year19.89% FGN MAY 2033matures 15 May 2033 | reopening | 19.890% | 15.740% | 14.95–20.04% | 19.849% 2025-05-26 | −410.9 | 300,000 | 874,690 | 208,630 | 4.19× | notice |
| 10-year19.00% FGN FEB 2034matures 21 Feb 2034 | reopening | 19.000% | 15.500% | 14.95–20.00% | — | n/a | 100,000 | 972,930 | 127,510 | 7.63× | 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 Feb 2026, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2026-02-23