The Federal Government of Nigeria, through the Debt Management Office (DMO), will raise ₦700 billion through a Federal Government Bond (FGN) auction scheduled for Monday, April 27, 2026.
An official offer circular to Primary Dealer Market Makers (PDMMs) noted that the planned issuance is part of FG’s domestic borrowing programme.
The offer circular indicates that the Federal Government will raise the ₦700bn through three bond re-openings across different maturities.
The auction aimed at funding budgetary needs and managing public debt will be conducted using a competitive bidding process, with settlement scheduled for April 29, 2026.
Monday’s auction comes amid elevated yields in fixed-income market and sustained liquidity mop-up by the Central Bank of Nigeria (CBN).
