November 4, 2026/Cordros Update
At today’s NTB primary market auction, the DMO offered NGN800.00 billion across tenors, with total demand reaching NGN2.05 trillion, translating to a bid-to-offer ratio of 2.6x. The DMO ultimately allotted NGN509.40 billion, implying a bid-to-cover ratio of 4.0x. Stop rates remained unchanged at 15.40%, 15.79% and 15.80% for the 91-, 182- and 364-day tenors , respectively.
Please see the results below
