NGX + CBN · Federal Government of Nigeria

Nigerian Bond Market Today

Live data for the Nigerian debt market, FGN local bonds, USD-denominated Eurobonds, and Sovereign Sukuk listed on the Nigerian Exchange, plus weekly Treasury Bill auction results from the Central Bank of Nigeria. Updated daily.

Current T-Bill Yields

Stop rate at the most recent CBN auction · primary market

90-day
18.00%
As of Dec 27, 2024
91-day
16.30%
As of Jul 8, 2026
181-day
18.50%
As of Dec 27, 2024

Nigerian Treasury Bill Auctions

Weekly CBN auctions of 91-day, 182-day, and 364-day Treasury Bills. Stop rate is the cut-off yield at which bids are filled; subscription rate shows demand vs amount offered.

AuctionTenorStop RateOffered (₦m)SubscriptionAllotted (₦m)
Jul 8, 202691-day16.30%100,000146.5%115,383
Jul 8, 2026182-day16.50%100,00029.9%13,760
Jul 8, 2026364-day17.70%500,000371.3%935,317
Jun 17, 202691-day16.28%100,000129.7%129,321

Source: Central Bank of Nigeria, Government Securities

FGN Bonds (Local Currency)

NGN-denominated long-dated bonds issued by the Federal Government of Nigeria. Prices shown are NGX secondary-market closes. Yield-to-maturity calculation coming soon.

BondCouponMaturityPriceChangeQuote Date
Ekiti State Government 2020
EKI2020S2 · NGN
Dec 2020₦100Jun 12, 2026
Bauchi State Government 2021
BAU2021S1 · NGN
Dec 2021₦100Jun 12, 2026
Federal Government of Nigeria 2021
FGS202139 · NGN
Dec 2021₦85Jun 12, 2026
Nigerian State Government 2021
NAB2021S1 · NGN
Dec 2021₦100Jun 12, 2026
Nigerian State Government 2027
ODB2027S1 · NGN
Dec 2027₦100Jun 12, 2026
Nigerian State Government 2027
LAB2027T4 · NGN
Dec 2027₦100Jun 12, 2026
Nigerian State Government 2027
LAB2027T2 · NGN
Dec 2027₦100Jun 12, 2026
FGN 14% 2027 Series 1
FG142027S1 · NGN
14%Dec 2027₦75Jun 12, 2026
FGN 15% 2028 Series 1
FG152028S1 · NGN
15%Dec 2028₦100Jun 12, 2026
Federal Government of Nigeria 2028
FG5B2028S5 · NGN
Dec 2028₦100Jun 12, 2026
Federal Government of Nigeria 2029
FG6B2029S3 · NGN
Dec 2029₦100Jun 12, 2026
Federal Government of Nigeria 2029
FG6B2029S5 · NGN
Dec 2029₦100Jun 12, 2026
FGN 16% 2029 Series 1
FG162029S1 · NGN
16%Dec 2029₦109Jun 12, 2026
Federal Government of Nigeria 2030
FG7B2030S3 · NGN
Dec 2030₦70.5Jun 12, 2026
FGN 11% 2034 Series 2
FG112034S2 · NGN
11%Dec 2034₦73.1Jun 12, 2026
FGN 17% 2035 Series 1
FG172035S1 · NGN
17%Dec 2035₦106.32Jun 12, 2026
FGN 13% 2036 Series 2
FG132036S2 · NGN
13%Dec 2036₦109.7Jun 12, 2026
FGN 14% 2037 Series 2
FG142037S2 · NGN
14%Dec 2037₦95.33Jun 12, 2026
FGN 17% 2045 Series 3
FG172045S3 · NGN
17%Dec 2045₦100Jun 12, 2026
FGN 16% 2049 Series 2
FG162049S2 · NGN
16%Dec 2049₦105Jun 12, 2026
FGN 17% 2050 Series 2
FG172050S2 · NGN
17%Dec 2050₦105Jun 12, 2026

FGN Eurobonds (USD)

USD-denominated international bonds issued by Nigeria. Held primarily by global emerging-market debt funds and traded on the London Stock Exchange, these prices are NGX-side cross-listings.

BondCouponMaturityPriceChangeQuote Date
FGN Eurobond 2027 Series 2
FGEUR2027S2 · USD
Dec 2027$100Jun 12, 2026
FGN Eurobond 2030 Series 8
FGEUR2030S8 · USD
Dec 2030$100Jun 12, 2026
FGN Eurobond 2031 Series 6
FGEUR2031S6 · USD
Dec 2031$100Jun 12, 2026
FGN Eurobond 2032 Series 1
FGEUR2032S1 · USD
Dec 2032$100Jun 12, 2026
FGN Eurobond 2038 Series 7
FGEUR2038S7 · USD
Dec 2038$100Jun 12, 2026
FGN Eurobond 2047 Series 3
FGEUR2047S3 · USD
Dec 2047$100Jun 12, 2026
FGN Eurobond 2049 Series 4
FGEUR2049S4 · USD
Dec 2049$100Jun 12, 2026

FGN Sukuk

Sovereign Sharia-compliant Islamic bonds issued by the FGN to fund infrastructure projects.

BondCouponMaturityPriceChangeQuote Date
FGN Sukuk 2027
FGSUK2027S3 · NGN
Dec 2027₦90 12.50% Jun 18, 2026

Corporate Bonds

Bonds issued by Nigerian corporates including Dangote Cement, BUA Cement, Access Holdings, and others.

BondCouponMaturityPriceChangeQuote Date
African Development Bank 2021
ADBB2021S1 · NGN
Dec 2021₦100Jun 12, 2026
FGB2026S2 2026
FGB2026S2 · NGN
Dec 2026₦100Jun 12, 2026
Dangote 2026
DAN2026S1TB · NGN
Dec 2026₦100May 28, 2026
Abbey Building Society 2026
ABB2026S0 · NGN
Dec 2026₦100Jun 12, 2026
IAO2026S1 2026
IAO2026S1 · NGN
Dec 2026₦97.29Jun 12, 2026
NOVA2027S1 2027
NOVA2027S1 · NGN
Dec 2027₦100Jun 12, 2026
Nigeria Mortgage Refinance 2027
NMR2027S3 · NGN
Dec 2027₦100Jun 12, 2026
BUA 2027
BUA2027S1 · NGN
Dec 2027₦100Jun 12, 2026
AXA Mansard 2027
AXA2027S1 · NGN
Dec 2027₦100Jun 12, 2026
Dangote 2028
DAN2028S1TC · NGN
Dec 2028₦100Jun 12, 2026
C&I Leasing 2028
CIL2028S2 · NGN
Dec 2028₦100Jun 12, 2026
Union Bank 2029
UBN2029S3 · NGN
Dec 2029₦100Jun 12, 2026
Nigeria Mortgage Refinance 2030
NMR2030S1 · NGN
Dec 2030₦100Jun 12, 2026
FBN Quest 2030
FBQ2030S2 · NGN
Dec 2030₦100Jun 12, 2026
TSL2030S1 2030
TSL2030S1 · NGN
Dec 2030₦100Jun 12, 2026
Fidelity Bank 2031
FID2031S1 · NGN
Dec 2031₦69.23Jun 12, 2026
NSP2031S2 2031
NSP2031S2 · NGN
Dec 2031₦100Jun 12, 2026
Nigeria Mortgage Refinance 2033
NMR2033S2 · NGN
Dec 2033₦100Jun 12, 2026
NSP2034S1 2034
NSP2034S1 · NGN
Dec 2034₦100Jun 12, 2026

Methodology & Notes

  • Sources: NGX bond market data (secondary-market closing prices, 30-min delayed) and Central Bank of Nigeria primary-market auction results.
  • Refresh: NGX prices refresh daily during market hours. CBN T-bill auctions are weekly (Wednesday). Long-dated FGN bond auctions are roughly monthly.
  • Currency: FGN local bonds, Sukuk, and corporate bonds are NGN-priced. Eurobonds are USD-priced (with one GBP series).
  • Limitations: Some illiquid issues show last-trade or par prices that haven't moved in months. Yield-to-maturity calculation is on the roadmap.