September 2, 2026/Cordros Update
At today’s NTB primary market auction, the DMO offered NGN700.00 billion across tenors, with total demand reaching NGN3.35 trillion, translating to a bid-to-offer ratio of 4.8x.
The DMO ultimately allotted NGN865.71 billion, implying a bid-to-cover ratio of 3.9x. Stop rates contracted by 31 bps to 16.74% for the 364-day tenor, while the 91-day and 182-day tenors remained unchanged at 16.30% and 16.50%, respectively.
Please see the results below
