Lagos, Feb. 23, 2026 – The Debt Management Office (DMO) on Monday re-opened three FGN bonds valued at N800 billion for subscription at N1,000 per unit.
The first offer is a June 2032 FGN bond (7-year re- opening), valued at N400 billion with interest rate of 17.95 per cent per annum, while the second is a May 2033 FGN bond (10-year re-opening), valued at NN300 billion, with 19.89 interest rate per annum.
The third offer is a February 2034 FGN bond (10-year re-opening), valued at N100 billion, with 19 per cent interest rate per annum.
“They are re-opening at N1,000 per unit subject to a minimum subscription of N50 million and in multiples of N1,000 thereafter.
It said that for re-openings of previously issued bonds, successful bidders will pay a price corresponding to the yield-to-maturity bid that clears the volume being auctioned plus any accrued interest on the instrument.
“Interest is payable semi-annually, and bullet repayment is on the maturity date, ” the DMO said.
The statement said that FGN bonds are backed by the true faith and credit of the Federal Government and were charged upon the general assets of Nigeria.
“They qualify as securities in which trustees can invest under the Trustee Investment Act.
“They qualify as government securities within the meaning of Company Income Tax Act and Personal Income Tax Act for tax exemption for pension funds among others.
“They are listed on the Nigerian Exchange Limited and FMDQ OTC Securities Exchange,” the DMO said.
