Nigeria plans to raise 4 trillion naira
By the AFREEQUE newsroom, based on Leadership
Nigeria’s Debt Management Office plans to raise 4 trillion naira through federal bonds in November and December 2026. Two auctions of 2 trillion naira each are scheduled for 16 November and 14 December, according to the debt management office’s revised calendar.
The Debt Management Office (DMO), the Nigerian body responsible for managing public debt, plans two federal government bond auctions of 2 trillion naira each on 16 November and 14 December 2026. The revised calendar published by the DMO thus provides for 4 trillion naira to be raised through the two operations.
The issues will involve four existing bonds. The 21% bond maturing in March 2028 represents 1.4 trillion naira, the 19.30% bond maturing in April 2029 represents 500 billion naira, the 17.945% bond maturing in August 2030 represents 1.5 trillion naira and the 19.89% bond maturing in May 2033 represents 600 billion naira. Each bond will be offered in equal amounts at the two auctions, according to the DMO.
For the 16 November auction, settlement is scheduled for 18 November. The bonds will be offered at 1,000 naira each, with a minimum subscription of 50,001,000 naira. Interest will be paid semi-annually and the principal repaid at maturity.
The new issue comes after the previous 1.75 trillion naira bond offer, announced on 11 November, and as debt is expected to absorb 71.7% of Nigerian revenues in 2030.
