DMO plans N5.75trn FGN bond offers in Q4 2026
The Debt Management Office (DMO) plans to offer N5.75 trillion in Federal Government of Nigeria (FGN) bonds in the fourth quarter of 2026, according to its provisional issuance calendar.
The planned offers will be conducted across three auction dates in October, November and December, with the largest monthly amount scheduled for November and December at N2 trillion each.
The proposed issuance comes after the Federal Government allotted N7.15 trillion in FGN bonds between January and September 2026, more than double the N3.48 trillion allotted during the corresponding period in 2025.
The provisional calendar shows that the DMO intends to raise funds through three FGN bond maturities: February 2034, September 2036 and June 2038.
The October auction is scheduled for October 19, with offers totalling N1.75 trillion. The November and December auctions are scheduled for November 16 and December 14, respectively, with N2 trillion planned for each month.
The planned fourth-quarter offers follow a sharp increase in government bond allotments during the first nine months of 2026.
As previously reported by Nairametrics, the Federal Government allotted N7.15 trillion over the period, a 106% increase from the N3.48 trillion recorded in the same period of 2025.
June recorded the strongest monthly increase in the comparison, with allotments reaching N1.22 trillion against N100 billion in June 2025.
Other months also recorded substantial increases:
Nigeria’s public debt stock stood at N166.79 trillion as of June 30, 2026, up from N159.35 trillion at the end of March, according to figures previously reported by Nairametrics.
Domestic debt accounted for N91.59 trillion, representing 54.91% of the total debt portfolio.
The planned N5.75 trillion in fourth-quarter bond offers would add to the Federal Government’s borrowing programme, although the provisional calendar remains subject to revision.
