Nigeria government bonds · auction 18 May 2026 · NGN
Nigeria bond auction, 18 May 2026: 20-year at 17.04%
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: 20-year bond 16.2499% FGN APR 2037
17.04%
Largest amount accepted at this auction
Change vs previous 20-year sale
+135 bp
15.69% on 15 May 2023
Accepted
NGN 614.5bn
Against NGN 600.0bn on offer
Bid cover
—
Bids not published
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.
- 10-year22.60% FGN JAN 2035matures 29 Jan 2035
- Sale
- reopening
- Coupon
- 22.600%
- Rate
- 17.000%
- Bid range
- 15.00–22.60%
- Previous
- 16.590% 2026-04-27
- Change, bp
- +41
- Offered, NGNm
- 300,000
- Bids, NGNm
- —
- Accepted, NGNm
- 137,670
- Bid cover
- —
- Source
- notice
- 20-year16.2499% FGN APR 2037matures 18 Apr 2037
- Sale
- reopening
- Coupon
- 16.250%
- Rate
- 17.040%
- Bid range
- 14.00–18.49%
- Previous
- 15.690% 2023-05-15
- Change, bp
- +135
- Offered, NGNm
- 300,000
- Bids, NGNm
- —
- Accepted, NGNm
- 476,840
- Bid cover
- —
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10-year22.60% FGN JAN 2035matures 29 Jan 2035 | reopening | 22.600% | 17.000% | 15.00–22.60% | 16.590% 2026-04-27 | +41 | 300,000 | — | 137,670 | — | notice |
| 20-year16.2499% FGN APR 2037matures 18 Apr 2037 | reopening | 16.250% | 17.040% | 14.00–18.49% | 15.690% 2023-05-15 | +135 | 300,000 | — | 476,840 | — | 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, 18 May 2026, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2026-05-18