TUE NOV 25 2025-theGBJournal| The Debt Management Office (DMO) has made significant stride in its fiscal year 2025 domestic borrowing plan, raising N657.26 billion in the latest bond auction.
The DMO reopened the AUG-2030 and JUN-2032 papers with a total offer of N460.00 billion.
Aggregate demand reached N657.26 billion (bid-to-offer: 1.4x), with the DMO ultimately allotting N583.52 billion (bid-to-cover: 1.1x).
Stop rates cleared higher at 15.90% for AUG-2030 and 16.00% for JUN-2032, compared with 15.83% and 15.85% at the previous auction.
Nigeria’s debt stock as at Q2 2025 (June 30, 2025) was approximately N75.75 trillion (US$51.26 billion). The November 24th auction potentially adds to the ballooning number.
Earlier auction, the October 2025 auction recorded 307.6% oversubscription, reflecting increasing investors confidence in Nigeria’s creditworthiness, and the direction of Federal Government’s monetary policy as well as strong appetite driven by attractive yields.
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