April 22, 2026/Cordros Report
At today’s NTB primary market auction, the DMO offered NGN750.00 billion across tenors, with total demand reaching NGN2.36 trillion, translating to a bid-to-offer ratio of 3.2x. The DMO ultimately allotted NGN894.16 billion, implying a bid-to-cover ratio of 2.6x. Stop rates were unchanged at 15.95%, 16.19% and 16.20% for the 91-, 182-, and 364-day tenors respectively.
Please see the results below
