DMO Raises N748.64bn in September Bond Auction
The Debt Management Office (DMO) raised N748.64 billion from its September 2026 Federal Government of Nigeria (FGN) bond auction, with total subscriptions declining by 13.5% from the previous month. Investors submitted bids worth N1.49 trillion for the two instruments offered, compared to N1.73 trillion in August.
The amount allotted to investors fell by seven percent from N805.16 billion in August. The auction included a new 16.79% FGN September 2036 bond, for which investors submitted N546.90 billion in bids against an offer of N400 billion, with N288.63 billion allotted at a marginal rate of 16.79%.
The reopened 15.45% FGN June 2038 bond saw stronger demand, with subscriptions reaching N947.83 billion against an offer of N600 billion, and N460.01 billion allotted at a marginal rate of 16.85%, down from 17.79% in August. The September auction attracted 441 bids, with 204 successful, and included an additional N850 billion in non-competitive allotments.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
Read full article
Continue on Leadership Newspaper
Enjoy this article?
Get the weekly Nigerian roundup — top stories, NPFL, naira. One email, Sunday morning.
Related Stories
DMO to Auction N1.1 Trillion in Bonds Amid Rising Yields
Nigeria Raises N6.49tn from Bond Market in 2026
DMO Launches August Bonds with Up to 15% Returns
FG Raises ₦7.62 Trillion in Bond Market Amid Demand
FG Targets ₦1 Trillion in September Bond Auction
DMO Launches September Savings Bond with 15.12% Interest
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
