Despite demand of N516.15 billion, the Debt Management Office (DMO) allotted N334.53 billion at the Federal Government of Nigeria (FGN) bond auction held on Monday, rejecting part of investor bids, market data revealed on Tuesday. The auction, which featured the reopening of the JAN-2035 and APR-2037 FGN bonds, had an offer size of N600 billion. However, total subscriptions fell short of the amount on offer, resulting in a bid-to-offer ratio of 0.9 times. [...]