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DMO to Raise N1.2 Trillion via FGN Bond Reopening in July Auction

The Debt Management Office (DMO) has announced plans to raise N1.2 trillion through the reopening of three Federal Government of Nigeria (FGN) bonds. The auction, scheduled for July 20, 2026, involves N400 billion each for the 2035, 2037, and 2038 instruments. This issuance is part of the government’s domestic borrowing strategy to finance budgetary expenditures. Interested investors can submit applications through approved Primary Dealer Market Makers. The bonds are listed on the NGX and FMDQ, offering semi-annual interest payments and qualifying as liquid assets for institutional investors.

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