Nigeria, Feb. 2 -- Conducted by the Debt Management Office, the auction included N900 billion inoadeder the February 2031, February 2034 and January 2035 FGN bonds.

Investor demand far surpassed forecasts, with aggregate bids reaching roughly N2.3 trillion-a bid cover ratio of 2.5 times and a significant increase over the last 2025 auction.



The News Chronicle notes that the government's decision to accept N1.5 trillion from the oversubscription indicates a front-loaded borrowing approach aimed at meeting early-year funding needs while leveraging favorable market conditions.



Longer-dated instruments had the most demand, with the majority of subscriptions going for the February 2034 and January 2035 bonds.

Stop rates landed insid...