By Anifowoshe Oladipupo
The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria (FGN), has announced a N200 billion bond auction to bolster the nation’s fiscal position.
According to a circular released on Thursday, August 21, 2025, the auction is set for Monday, August 25, with settlement by Wednesday, August 27. The offering is divided equally between two re-opened bonds: N100 billion of the five-year FGN JUL 2030 and N100 billion of the seven-year 17.95% FGN JUNE 2032.
Units are priced at N1,000 each, with a minimum subscription of N5,000. Investors may subscribe in multiples of N1,000, up to N50 million. Coupon rates will be determined by the auction’s clearing yield, with interest paid semi-annually and principal redeemed at maturity.
The DMO described the offering as an opportunity for local investors to participate in Nigeria’s economic growth while supporting the government’s funding needs.
