Nigeria allots ₦748.64bn of FGN bonds at lower marginal rates (16.79% and 16.85%)

On September 14, 2026, Nigeria's Debt Management Office competitively allotted ₦748.64bn of federal government bonds (new 10-year Sep 2036 and reopening Jun 2038) at marginal rates of 16.79% and 16.85%, respectively, lower than comparable August clears.

The allotment reduces near-term domestic financing needs by locking in ₦748.64bn of funding at lower long-term nominal rates, which eases immediate rollover pressure on FX reserves by lowering short-term external refinancing premia indirectly. The effect depends on sustained investor demand and whether the naira and inflation path keep real returns attractive for holders.

DMO's published Q4 issuance calendar and the next CPI print/CBN MPC decision that affect yields and investor appetite.