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Issuer developmentsNigeriaDeveloping story

Nigeria DMO allots N5.06bn in November FGN Savings Bond offer, down 17.4% from October

On 12 November 2026 the Debt Management Office (DMO) allotted N5.06 billion in the November FGN Savings Bond offer — a 17.4% decline from the N6.12 billion allotted in October — with N746.01m to the two‑year and N4.31bn to the three‑year savings bonds.

MSA Market DeskEvent 12 November 2026Reviewed 1 min read

The desk brief

On 12 November 2026 the Debt Management Office (DMO) allotted N5.06 billion in the November FGN Savings Bond offer — a 17.4% decline from the N6.12 billion allotted in October — with N746.01m to the two‑year and N4.31bn to the three‑year savings bonds.

The lower allotment signals weaker retail investor participation in Nigeria's monthly savings bond programme, which could tighten the government's near‑term domestic retail funding pipeline and prompt the DMO to adjust future offer sizes or rates. The effect is on local NGN retail funding availability and does not itself indicate sovereign spread moves in USD markets.

DMO publication of the December FGN Savings Bond allotment results or the next monthly offer circular.

Sources & verification

Developing story

Developing story supported by 2 independent public publishers; further confirmation is being sought.

Public references supporting this brief.

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Price Discovery

Nigeria sovereign curve

Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.

15 priced bonds
8.99%7.97%6.94%5.91%4.88%20272033203920452051Nigeria 27 · Nov 2027 · 5.426%Nigeria 28 · Sept 2028 · 5.798%Nigeria 29 · Mar 2029 · 6.115%Nigeria 30 · Feb 2030 · 6.492%Nigeria 31 Jan · Jan 2031 · 6.925%Nigeria 31 Jun · Jun 2031 · 6.871%Nigeria 32 · Feb 2032 · 7.062%Nigeria 33 · Sept 2033 · 7.361%Nigeria 34 · Dec 2034 · 7.675%Nigeria 36 · Jan 2036 · 7.834%Nigeria 38 · Feb 2038 · 7.744%Nigeria 46 · Jan 2046 · 8.450%Nigeria 47 · Nov 2047 · 8.216%Nigeria 49 · Jan 2049 · 8.430%Nigeria 51 · Sept 2051 · 8.442%
Move across the curve to inspect a bondAs of
BondMid pxYield
  • Nigeria 27Nov 2027101.0635.426%
  • Nigeria 28Sept 2028100.5635.798%
  • Nigeria 29Mar 2029104.8756.115%
  • Nigeria 30Feb 2030101.8756.492%
  • Nigeria 31 JanJan 2031106.5006.925%
  • Nigeria 31 JunJun 2031110.6256.871%
  • Nigeria 32Feb 2032103.5007.062%
  • Nigeria 33Sept 2033100.0637.361%
  • Nigeria 34Dec 2034116.0007.675%
  • Nigeria 36Jan 2036105.1257.834%
  • Nigeria 38Feb 203899.6257.744%
  • Nigeria 46Jan 2046106.3758.450%
  • Nigeria 47Nov 204794.1258.216%
  • Nigeria 49Jan 2049108.1258.430%
  • Nigeria 51Sept 205198.0008.442%

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