FG lists N200bn bonds for September
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The Federal Government of Nigeria, through the Debt Management Office, has announced the listing of N200bn worth of bonds for subscription at its September auction.
The offer, which opened on September 29, 2025, comprises a N100bn 17.945 per cent Federal Government of Nigeria August 2030 bond (five-year reopening) and a N100bn 17.95 per cent FGN June 2032 bond (seven-year reopening).
According to the DMO, the auction will be settled on October 2, 2025, with units of sale set at N1,000 per unit, subject to a minimum subscription of N50,001,000 and in multiples of N1,000 thereafter.
It added that interest on the bonds would be payable semi-annually, while repayment would be made in full on the respective maturity dates.
The DMO also stated that the FGN bonds qualify as securities in which trustees can invest under the Trustee Investment Act, as well as government securities within the meaning of the Company Income Tax Act and the Personal Income Tax Act, making them tax-exempt for pension funds and other institutional investors.
Furthermore, the bonds are listed on the Nigerian Exchange Limited and FMDQ OTC Securities Exchange and qualify as liquid assets for banks in meeting their liquidity ratio requirements.
The DMO emphasised that the bonds are backed by the full faith and credit of the Federal Government of Nigeria and are charged upon the general assets of the nation.The PUNCH reported that the Debt Management Office has raised approximately N3.03tn from FGN savings bonds in the first eight months of this year. An analysis of the monthly FGN bond auction results between January and August 2025 indicated that the DMO offered about N2.13tn across short-, medium- and long-dated bonds. However, an appetite for long-dated bonds saw subscriptions hitting about N4.94tn in the period under review.
The Federal Government of Nigeria, through the Debt Management Office, has announced the listing of N200bn worth of bonds for subscription at its September auction.
The offer, which opened on September 29, 2025, comprises a N100bn 17.945 per cent Federal Government of Nigeria August 2030 bond (five-year reopening) and a N100bn 17.95 per cent FGN June 2032 bond (seven-year reopening).
According to the DMO, the auction will be settled on October 2, 2025, with units of sale set at N1,000 per unit, subject to a minimum subscription of N50,001,000 and in multiples of N1,000 thereafter.
It added that interest on the bonds would be payable semi-annually, while repayment would be made in full on the respective maturity dates.
The DMO also stated that the FGN bonds qualify as securities in which trustees can invest under the Trustee Investment Act, as well as government securities within the meaning of the Company Income Tax Act and the Personal Income Tax Act, making them tax-exempt for pension funds and other institutional investors.
Furthermore, the bonds are listed on the Nigerian Exchange Limited and FMDQ OTC Securities Exchange and qualify as liquid assets for banks in meeting their liquidity ratio requirements.
The DMO emphasised that the bonds are backed by the full faith and credit of the Federal Government of Nigeria and are charged upon the general assets of the nation.
The PUNCH reported that the Debt Management Office has raised approximately N3.03tn from FGN savings bonds in the first eight months of this year. An analysis of the monthly FGN bond auction results between January and August 2025 indicated that the DMO offered about N2.13tn across short-, medium- and long-dated bonds. However, an appetite for long-dated bonds saw subscriptions hitting about N4.94tn in the period under review.
