The debt office said it would sell 25 billion naira apiece of  five-, seven- and 10-year bonds with terms to maturity of four years and seven months, six years and nine months, and nine years and four months respectively.  The bonds are re-openings of previous issues.

"The DMO reserves the right to alter the amount allotted in response to market conditions," the debt office said in a public notice.

Nigeria, Africa's second-biggest economy after South Africa, issues sovereign bonds monthly to support the local bond market, create a benchmark for corporate issuance and fund its budget deficit.