May 20, 2026/Cordros Update
At today’s NTB primary market auction, the DMO offered NGN650.00 billion across tenors, with total demand reaching NGN1.99 trillion, translating to a bid-to-offer ratio of 3.1x. The DMO ultimately allotted NGN829.33 billion, implying a bid-to-cover ratio of 2.4x. Stop rates stayed unchanged at 15.95%, 16.14% and 16.15% for the 91-, 182- and 364-day tenors.
Please see the results below
