In an update published by Punch, the Federal Government raised N748.64 billion at its September 2026 domestic bond auction as investors placed strong bids for a new 10-year bond and a reopened 15-year instrument.
The Debt Management Office allotted N288.83 billion on the 10-year paper at a marginal rate of 16.79 per cent and N460.01 billion on the 15-year reopening at 16.85 per cent. Total bids reached about N1.49 trillion against N1 trillion offered.
DMO is the primary institutional source for the auction outcome, while BusinessDay’s fixed-income coverage has also followed demand and yield movements in the government securities market. The reported direction is consistent with strong demand alongside a moderation in the 15-year marginal rate.
Independent confirmation is strongest through the DMO’s official auction records; additional market reporting supports the result, but the official DMO figures remain the authoritative reference. The auction result points to continued investor appetite even as borrowing costs remain high.
Echotitbits take: The key signal is not only how much government raised, but the rate at which it borrowed. Lower marginal yields can ease financing pressure at the margin, while continued heavy domestic borrowing still matters for the cost of credit across the wider economy.
Source: Punch – https://punchng.com/nigeria-raises-n748-6bn-from-fgn-bonds-as-rates-ease/, 2026-09-17
Punch
Photo Credit: Punch
