Nigeria’s Debt Management Office has announced a fresh N600 billion Federal Government bond auction for May 2026 and the listing of a N47.36 billion sovereign green bond on the Nigerian Exchange (NGX).
The DMO said the new auction is part of the federal government’s plan to meet fiscal obligations, deepen the domestic capital market and attract institutional investors who continue to seek fixed‑income assets. The offering comprises two reopened bond issues, each valued at N300 billion: a 22.60 percent FGN January 2035 ten‑year bond and a 16.2499 percent FGN April 2037 twenty‑year bond. Units are priced at N1,000, with a minimum subscription of N50,001,000; additional subscriptions may be placed in multiples of N1,000.
In a separate statement, the DMO confirmed that the Series III Sovereign Green Bond, carrying an 18.95 percent coupon and a face value of N47.36 billion, will be listed on the NGX. The listing is intended to enhance liquidity for investors and improve price transparency. The green bond marks the third sovereign green instrument issued by the DMO on behalf of the Federal Government and reflects Nigeria’s ongoing commitment to finance projects that support a low‑carbon, climate‑resilient economy.
These moves underscore the government’s dual focus on securing financing for its budgetary needs while also tapping into the growing demand for sustainable finance. By widening the pool of domestic debt instruments and providing a transparent trading venue for green assets, the DMO aims to strengthen market confidence and broaden the investor base.
The upcoming bond auction and the green‑bond listing are scheduled for the coming weeks. Market participants will be watching subscription levels and pricing to gauge appetite for both conventional and environmentally‑focused debt, signalling the direction of Nigeria’s capital‑market development in the near term.
