FGN bond allotments rise 106% to N7.15 trillion in nine months
The Federal Government allotted N7.15 trillion in FGN bonds between January and September 2026, representing a 106% increase from the N3.48 trillion allotted during the same period in 2025. The post FGN bond allotments rise 106% to N7.15 trillion in nine months appeared first on Nairametrics .
In the first nine months of 2026, the Federal Government allotted N7.15 trillion in FGN bonds, marking a 106% surge from the N3.48 trillion allotted in the same period of 2025, according to Nairametrics' analysis of the Debt Management Office's monthly auction results. This significant rise was largely fueled by higher allotments in specific months, notably January, June, July, and August.
Conversely, allotments were lower in February and April, with a 42.4% and 30.4% decline respectively, when compared to 2025 levels. Despite these fluctuations, the total for the nine-month period still more than doubled year-on-year. The Federal Government's continued reliance on domestic debt instruments, with FGN bonds constituting the largest portion of its domestic debt portfolio, played a role in this increase.
June saw the strongest monthly increase, with the DMO allotting N1.22 trillion in FGN bonds, compared to N100 billion in June 2025. The total number of subscriptions for FGN bonds during the period amounted to N13.72 trillion, with January accounting for N2.25 trillion, representing 16.4% of the nine-month total.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
