The Debt Management Office (DMO) of Nigeria has announced a N460 billion Federal Government of Nigeria (FGN) bond auction, signaling efforts to fund infrastructure and drive economic growth nationwide.
The FGN-Bond is a debt security used to fund Nigeria’s budget deficit, refinance debt, and support infrastructure projects.
The offered bonds auctioned targets re-openings of two benchmark securities, a 5-year-re-opening N230b FGN-Bond offered with a maturity date of August 2030 and a N230 billion 7-year-re-opening with a maturity date of June 2032. Both are offered at an interest rate of 17.95%.
The auction date for the Bonds is November 24, 2025, while the settlement date is November 26, 2025.11.19. The minimum subscription for the offered Bonds is N50.001 million, thereby targeting high-net-worth investors.
The FGN-Bond is listed on the Nigerian Exchange Group (NGX), the FMDQ OTC Securities Exchange. Investors are to note that all FGN Bonds qualify as liquid assets for liquidity ratio calculation for banks. The interest rate of the FGN-Bond is paid twice a year.
The Bonds can be purchased from financial institutions like Access Bank, First Bank, UBA, GT Bank, Zenith Bank, among others.
