The Debt Management Office (DMO) has announced that the Federal Government of Nigeria (FGN) seeks to raise N900 billion through the reopening of three existing FGN Bonds in its January 2026 auction.
The FGN Bonds offer comprises re-openings of previously issued instruments: N300 billion of the 18.50% FGN February 2031 bond (7-year tenor), N400 billion of the 19.00% FGN February 2034 bond (10-year tenor), and N200 billion of the 22.60% FGN January 2035 bond (10-year tenor).
In line with the DMO’s notice, the Bonds auction date is January 26th, 2026, while the settlement date is January 28, 2026.
The Bonds can be purchased at N1,000 per unit, which is subject to a minimum subscription of N50,001,000 million and in multiples of N1,000 thereafter.
The investors are informed that the bond interest is paid twice a year. The FGN Bonds are fully safe to invest in, and they are fully backed by the full faith and credit of the Federal Government of Nigeria and are charged upon the general assets of Nigeria.
As revealed by the DMO’s notice, the FGN Bonds qualify as securities in which trustees can invest under the Trustee Investment Act.
They also qualify as Government securities within the meaning of the Company Income Tax Act (“CITA”) and Personal Income Tax Act (“PITA”) for Tax Exemption for Pension Funds amongst other investors.
The Bonds are listed on the Nigerian Exchange Group (NGX) and FMDQ OTC Securities Exchange.
The FGN Bonds are long-term financial instruments that the FG uses to raise money for economic development, to regulate the money supply, and to control inflation. They are offered monthly via the Debt Management Office (DMO).
Investors are to purchase the Bonds via commercial banks, such as Zenith Bank, First Bank, UBA, GT Bank, among others.
