ABUJA, Nigeria — The Debt Management Office (DMO) will raise N700 billion through a Federal Government Bond (FGN Bond) auction on Monday, April 27, 2026, as part of the Federal Government’s domestic borrowing programme to fund budget needs and manage public debt.
Okay News reports that the offer circular to Primary Dealer Market Makers (PDMMs) shows the amount will be raised through three bond re‑openings: N300 billion in the 17.945% FGN AUG 2030 (5‑year re‑opening), N100 billion in the 17.95% FGN JUN 2032 (7‑year re‑opening), and N300 billion in the 22.60% FGN JAN 2035 (10‑year re‑opening).
Settlement is scheduled for April 29, 2026, with competitive bidding determining the clearing yield. Subscriptions are priced at N1,000 per unit, with a minimum investment of N50.001 million and multiples of N1,000 thereafter. Interest is paid semi‑annually, while the principal is repaid in full at maturity.
The auction comes amid elevated yields in the fixed‑income market and sustained liquidity mop‑up by the Central Bank of Nigeria (CBN) . The 22.60 percent coupon on the 2035 bond is the highest on offer, and significant investor demand is expected as market participants seek relatively risk‑free instruments with attractive returns.
FGN Bonds are backed by the full faith and credit of the Federal Government of Nigeria, listed on the Nigerian Exchange Limited and the FMDQ OTC Securities Exchange, and qualify as liquid assets for banks’ liquidity ratio calculations.
 will raise N700 billion through a Federal Government Bond (FGN Bond) auction on Monday, April 27, 2026, as part of the Federal Government's domestic borrowing programme to fund budget needs and manage public debt.){kind=link}