The Debt Management Office (DMO) has scheduled a new Federal Government of Nigeria bond sale worth N600 billion for May 2026 and also announced the Nigerian Exchange Limited (NGX) listing of the 18.95% N47.36 billion Series III Sovereign Green Bond. The DMO set out the two developments in separate statements released on Tuesday and Wednesday.
For the N600 billion auction, the DMO said the issuance is tied to the federal government’s plan to meet fiscal requirements, strengthen Nigeria’s domestic capital market, and draw in institutional investors despite ongoing appetite for fixed-income assets. The offer, it added, will be made through two reopened Federal Government of Nigeria bond issues valued at N300 billion each.
Those instruments are the N300 billion 22.60% FGN January 2035 10-year reopening bond and the N300 billion 16.2499% FGN April 2037 20-year reopening bond. The DMO said the bonds will be sold at N1,000 per unit, with a minimum subscription of N50,001,000. It also noted that investors may place additional bids in increments of N1,000.
On the NGX listing of the Sovereign Green Bond, the DMO said bringing the instrument to the exchange is intended to improve tradability for investors and support clearer, market-based pricing. It described the green bond as the third such issuance by the DMO on behalf of the Federal Government of Nigeria, saying it reflects the DMO’s focus on mobilising funding for green projects that align with Nigeria’s objective of building a low-carbon and climate-resilient society.
