Nigeria's DMO to Raise N500bn in Bonds Auction, CBN Prepares Liquidity Injection
The Debt Management Office (DMO) in Nigeria is set to raise between N400 billion and N500 billion by reopening two benchmark federal government bonds in an auction scheduled for November 24, 2025. This move represents a significant expansion of the initial issuance plan outlined earlier in the quarter.
The auction will involve reopening the FGN Aug 2030 and FGN Jun 2032 bonds with increased tranch sizes. The Central Bank of Nigeria (CBN) is also preparing to inject liquidity into the financial system to support the upcoming bond sale.
The government aims to raise a total of N440 billion to N650 billion across three auction windows, signaling a shift towards domestic borrowing to fund the 2025 budget obligations.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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