Nigeria government bonds · auction 22 Jun 2026 · NGN
Nigeria bond auction, 22 Jun 2026: 20-year at 18.35%
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
18.35%
Largest amount accepted at this auction
Change vs previous 20-year sale
+131 bp
17.04% on 18 May 2026
Accepted
NGN 1,221.9bn
Against NGN 1,200.0bn on offer
Bid cover
1.16×
Bids of NGN 1,413.5bn ÷ 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.
- 10-year22.60% FGN JAN 2035matures 29 Jan 2035
- Sale
- reopening
- Coupon
- 22.600%
- Rate
- 18.340%
- Bid range
- 16.00–22.60%
- Previous
- 17.000% 2026-05-18
- Change, bp
- +134
- Offered, NGNm
- 600,000
- Bids, NGNm
- 705,220
- Accepted, NGNm
- 600,900
- Bid cover
- 1.17×
- Source
- notice
- 20-year16.2499% FGN APR 2037matures 18 Apr 2037
- Sale
- reopening
- Coupon
- 16.250%
- Rate
- 18.350%
- Bid range
- 16.00–21.75%
- Previous
- 17.040% 2026-05-18
- Change, bp
- +131
- Offered, NGNm
- 600,000
- Bids, NGNm
- 708,270
- Accepted, NGNm
- 621,000
- Bid cover
- 1.14×
- 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% | 18.340% | 16.00–22.60% | 17.000% 2026-05-18 | +134 | 600,000 | 705,220 | 600,900 | 1.17× | notice |
| 20-year16.2499% FGN APR 2037matures 18 Apr 2037 | reopening | 16.250% | 18.350% | 16.00–21.75% | 17.040% 2026-05-18 | +131 | 600,000 | 708,270 | 621,000 | 1.14× | 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, 22 Jun 2026, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2026-06-22