Nigeria’s October 2025 bond auction showed that investor appetite for Federal Government securities remains robust even as rates trend lower.
Data from the Debt Management Office (DMO) revealed that the five-year FGN AUG 2030 bond cleared at 15.83 percent compared with 16.00 percent in September, while the seven-year FGN JUN 2032 note cleared at 15.85 percent, down from 16.20 percent a month earlier.
Ordinarily, such a decline in yields might discourage participation, but demand remained strikingly high.