Nigeria government bonds · auction 14 Sep 2026 · NGN
Nigeria bond auction, 14 Sep 2026: 15-year at 16.85%
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: 15-year bond 15.45% FGN JUN 2038
16.85%
Largest amount accepted at this auction
Change vs previous 15-year sale
−94 bp
17.79% on 17 Aug 2026
Accepted
NGN 748.6bn
Against NGN 1,000.0bn on offer
Bid cover
2.00×
Bids of NGN 1,494.7bn ÷ 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-year16.79% FGN SEP 2036matures 16 Sep 2036
- Sale
- new
- Coupon
- 16.790%
- Rate
- 16.790%
- Bid range
- 15.00–20.00%
- Previous
- 17.150% 2026-08-17
- Change, bp
- −36
- Offered, NGNm
- 400,000
- Bids, NGNm
- 546,900
- Accepted, NGNm
- 288,630
- Bid cover
- 1.89×
- Source
- notice
- 15-year15.45% FGN JUN 2038matures 21 Jun 2038
- Sale
- reopening
- Coupon
- 15.450%
- Rate
- 16.850%
- Bid range
- 15.00–18.00%
- Previous
- 17.790% 2026-08-17
- Change, bp
- −94
- Offered, NGNm
- 600,000
- Bids, NGNm
- 947,830
- Accepted, NGNm
- 460,010
- Bid cover
- 2.06×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10-year16.79% FGN SEP 2036matures 16 Sep 2036 | new | 16.790% | 16.790% | 15.00–20.00% | 17.150% 2026-08-17 | −36 | 400,000 | 546,900 | 288,630 | 1.89× | notice |
| 15-year15.45% FGN JUN 2038matures 21 Jun 2038 | reopening | 15.450% | 16.850% | 15.00–18.00% | 17.790% 2026-08-17 | −94 | 600,000 | 947,830 | 460,010 | 2.06× | 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, 14 Sep 2026, compiled from the Debt Management Office, Nigeria. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2026-09-14