DMO to Raise N4 Trillion via FGN Bonds in Late 2026

The Debt Management Office (DMO) is set to raise N4 trillion from the Federal Government of Nigeria (FGN) bond market in November and December 2026. This initiative is part of the government's strategy to secure funds through domestic debt instruments.

The DMO has released a revised FGN Bond issuance calendar, indicating two bond auctions on November 16 and December 14, 2026, each targeting N2 trillion. The bonds offered will include the 21.00 per cent FGN March 2028 bond (N1.4 trillion), the 19.30 per cent FGN April 2029 bond (N500 billion), the 17.945 per cent FGN August 2030 bond (N1.5 trillion), and the 19.89 per cent FGN May 2033 bond (N600 billion).

The auctions will allow investors to subscribe to existing government securities at market prices. The minimum subscription is set at N50,001,000, with interest payments made semi-annually.

The DMO's previous auction in October 2026 attracted N1.75 trillion in subscriptions across three instruments.