Nigeria's Government to Auction N2 Trillion Bonds in November

The Federal Government of Nigeria has announced an offer of N2 trillion worth of bonds for auction on November 16, 2026, as part of its strategy to finance borrowing requirements through the domestic debt market. The Debt Management Office (DMO) stated that the auction will feature four previously issued Federal Government of Nigeria (FGN) bonds with maturities ranging from March 2028 to May 2033.

The offer includes N700 billion of the 21.00 per cent FGN March 2028 bond, N250 billion of the 19.30 per cent FGN April 2029 bond, N750 billion of the 17.945 per cent FGN August 2030 bond, and N300 billion of the 19.89 per cent FGN May 2033 bond. The largest portion is the August 2030 bond at N750 billion.

The auction will allow a minimum subscription of N50.001 million, with interest paid semi-annually. The bonds will be listed on the Nigerian Exchange Limited and FMDQ Securities Exchange, qualifying as liquid assets for banks.