November 25, 2025/Cordros Update
At the FGN bond auction conducted yesterday, the DMO reopened the AUG-2030 and JUN-2032 papers with a total offer of NGN460.00 billion. Aggregate demand reached NGN657.26 billion (bid-to-offer: 1.4x), with the DMO ultimately allotting NGN583.52 billion (bid-to-cover: 1.1x). Stop rates cleared higher at 15.90% for AUG-2030 and 16.00% for JUN-2032, compared with 15.83% and 15.85% at the previous auction.
Please see the results below
