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The Federal Government of Nigeria, through the Debt Management Office, has announced the opening of N200bn worth of bonds for subscription at its September auction.

The offer, which commenced on September 29, 2025, includes a N100bn 17.945 per cent Federal Government of Nigeria August 2030 bond (five-year reopening) and a N100bn 17.95 per cent FGN June 2032 bond (seven-year reopening).

According to the DMO, settlement for the auction is scheduled for October 2, 2025. Each unit is priced at N1,000, with a minimum subscription of N50,001,000 and additional purchases allowed in multiples of N1,000.

Interest on the bonds will be paid semi-annually, and the principal will be fully repaid on the respective maturity dates.

The DMO explained that the FGN bonds qualify as approved securities for trustees under the Trustee Investment Act and are also recognised as government securities under the Company Income Tax Act and the Personal Income Tax Act.

This classification makes them tax-exempt for pension funds and other institutional investors.

Additionally, the bonds are listed on the Nigerian Exchange Limited and the FMDQ OTC Securities Exchange.

They also qualify as liquid assets for banks in meeting liquidity ratio obligations.

The DMO stressed that the bonds are supported by the full faith and credit of the Federal Government of Nigeria and are secured by the general assets of the nation.

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