Nigeria government bonds · auction 20 Jul 2026 · NGN
Nigeria bond auction, 20 Jul 2026: 20-year at 18.35%
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: 20-year bond 16.2499% FGN APR 2037
18.35%
Largest amount accepted at this auction
Change vs previous 20-year sale
0 bp
18.35% on 22 Jun 2026
Accepted
NGN 931.8bn
Against NGN 1,200.0bn on offer
Bid cover
1.87×
Bids of NGN 1,738.7bn ÷ 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.
- 10-year22.60% FGN JAN 2035matures 29 Jan 2035
- Sale
- —
- Coupon
- 22.600%
- Rate
- 18.340%
- Bid range
- 16.00–22.60%
- Previous
- 18.340% 2026-06-22
- Change, bp
- 0
- Offered, NGNm
- 400,000
- Bids, NGNm
- 555,470
- Accepted, NGNm
- 245,730
- Bid cover
- 2.26×
- Source
- notice
- 15-year15.45% FGN JUN 2038matures 21 Jun 2038
- Sale
- reopening
- Coupon
- 15.450%
- Rate
- 18.400%
- Bid range
- 17.00–20.45%
- Previous
- 16.500% 2024-01-29
- Change, bp
- +190
- Offered, NGNm
- 400,000
- Bids, NGNm
- 518,000
- Accepted, NGNm
- 304,630
- Bid cover
- 1.70×
- Source
- notice
- 20-year16.2499% FGN APR 2037matures 18 Apr 2037
- Sale
- —
- Coupon
- 16.250%
- Rate
- 18.350%
- Bid range
- 16.00–19.58%
- Previous
- 18.350% 2026-06-22
- Change, bp
- 0
- Offered, NGNm
- 400,000
- Bids, NGNm
- 665,190
- Accepted, NGNm
- 381,460
- Bid cover
- 1.74×
- 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 | — | 22.600% | 18.340% | 16.00–22.60% | 18.340% 2026-06-22 | 0 | 400,000 | 555,470 | 245,730 | 2.26× | notice |
| 15-year15.45% FGN JUN 2038matures 21 Jun 2038 | reopening | 15.450% | 18.400% | 17.00–20.45% | 16.500% 2024-01-29 | +190 | 400,000 | 518,000 | 304,630 | 1.70× | notice |
| 20-year16.2499% FGN APR 2037matures 18 Apr 2037 | — | 16.250% | 18.350% | 16.00–19.58% | 18.350% 2026-06-22 | 0 | 400,000 | 665,190 | 381,460 | 1.74× | 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, 20 Jul 2026, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2026-07-20