By Seun ibiyemi
The Federal Government of Nigeria, through the Debt Management Office (DMO), has announced the listing of ₦260 billion worth of Federal Government bonds for subscription at its October 2025 auction.
In a circular posted on its official X handle on Monday, the DMO disclosed that the offer opened on October 27, 2025 comprises two re-openings: a ₦130 billion 17.945 per cent Federal Government of Nigeria (FGN) August 2030 bond (five-year reopening) and a ₦130 billion 17.95 per cent FGN June 2032 bond (seven-year reopening).
The auction is scheduled to be settled on October 29, 2025, with each unit priced at ₦1,000 and a minimum subscription of ₦50,001,000, in multiples of ₦1,000 thereafter.
The DMO added that interest on the bonds will be paid semi-annually, while full repayment of the principal will occur on the respective maturity dates.
According to the agency, the FGN bond programme, introduced in 2017, is designed to deepen the domestic debt market, promote financial inclusion, and provide retail investors with access to secure and low-risk investment instruments.
The DMO explained that the bonds qualify as securities in which trustees can invest under the Trustee Investment Act and as government securities under the Company Income Tax Act (CITA) and the Personal Income Tax Act (PITA), making them eligible for tax exemptions for pension funds and similar investors.
It further noted that the bonds are listed on the Nigerian Exchange Limited (NGX) and the FMDQ OTC Securities Exchange, qualifying as liquid assets for banks in meeting liquidity ratio requirements.
Reaffirming the safety of the instruments, the DMO stressed that the bonds are backed by the full faith and credit of the Federal Government of Nigeria and charged upon the nation’s general assets.
The Office urged interested investors to contact any of the primary dealer market makers, including Access Bank Plc, First Bank of Nigeria Ltd., Stanbic IBTC Bank Ltd., Citibank Nigeria Ltd., First City Monument Bank Plc, and Standard Chartered Bank Nigeria Ltd.