The Federal Government plans to raise N700 billion from the domestic bond market in April 2026.
Details of the April 2026 Federal Government of Nigeria Bond Offer Circular issued by the Debt Management Office showed that the auction is scheduled for April 27, with settlement on April 29.
The DMO said the issuance will be executed through the re-opening of existing instruments across three maturities, a strategy aimed at improving liquidity in benchmark securities.
The circular further indicated that the offer comprises N300bn of the 17.945 per cent FGN August 2030 bond, N100bn of the 17.95 per cent FGN June 2032 bond, and N300bn of the 22.60 per cent FGN January 2035 bond.
The bonds will be issued in units of N1,000, with a minimum subscription of N50.001m, targeting institutional investors such as pension funds, banks, and asset managers.
The DMO also noted that the instruments qualify as liquid assets for banks and enjoy tax exemptions under existing laws, factors that continue to support investor appetite.
A review of recent issuances showed that the April offer represents a further reduction in the government’s monthly borrowing target.
The offer has declined steadily from N900bn in January to N800bn in February, N750bn in March, and now N700bn in April, signalling a measured adjustment rather than a shift in overall strategy.
