The Debt Management Office (DMO) plans to supply N5.75 trillion in Federal Government of Nigeria (FGN) bonds in the fourth quarter of 2026, based on its provisional issuance calendar.
The deliberate offers will probably be carried out throughout three public sale dates in October, November and December, with the biggest month-to-month quantity scheduled for November and December at N2 trillion every.
The proposed issuance comes after the Federal Government allotted N7.15 trillion in FGN bonds between January and September 2026, greater than double the N3.48 trillion allotted through the corresponding interval in 2025.
DMO schedules N5.75 trillion bond offers
The provisional calendar exhibits that the DMO intends to lift funds by way of three FGN bond maturities: February 2034, September 2036 and June 2038.
The October public sale 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 deliberate for every month.
The proposed offers are distributed throughout the three devices as follows:
- 19.00% FGN February 2034: N500 billion in every of the three auctions, bringing the quarterly complete to N1.5 trillion.
- 16.79% FGN September 2036: N800 billion in October and N1 trillion in each November and December, totalling N2.8 trillion.
- 15.45% FGN June 2038: N450 billion in October and N500 billion in every of the remaining auctions, amounting to N1.45 trillion.
The calendar is provisional and could also be modified at quick discover.
FGN bond allotments greater than double
The deliberate fourth-quarter offers observe a pointy enhance in authorities bond allotments through the first 9 months of 2026.
As beforehand reported by Nairametrics, the Federal Government allotted N7.15 trillion over the period, a 106% enhance from the N3.48 trillion recorded in the identical interval of 2025.
June recorded the strongest month-to-month enhance in the comparability, with allotments reaching N1.22 trillion in opposition to N100 billion in June 2025.
Other months additionally recorded substantial will increase:
- January allotments rose 157% to N1.54 trillion from N601.04 billion.
- July allotments climbed 401% to N931.82 billion from N185.93 billion.
- August allotments elevated 491% to N805.16 billion from N136.16 billion.
- September allotments rose 29.8% to N748.64 billion from N576.62 billion.
These positive factors offset declines in February and April, when allotments fell by 42.4% and 30.4%, respectively, in contrast with the corresponding months in 2025.
Nigeria’s public debt reaches N166.79 trillion
Nigeria’s public debt stock stood at N166.79 trillion as of June 30, 2026, up from N159.35 trillion on the finish of March, based on figures beforehand reported by Nairametrics.
Domestic debt accounted for N91.59 trillion, representing 54.91% of the entire debt portfolio.
The deliberate N5.75 trillion in fourth-quarter bond offers would add to the Federal Government’s borrowing programme, though the provisional calendar stays topic to revision.
