DMO plans N5.75 trillion FGN bond offers in Q4 2026

The Debt Management Office (DMO) is set to facilitate the sale of N5.75 trillion in Federal Government of Nigeria (FGN) bonds during the fourth quarter of 2026, according to the provisional issuance calendar. These bond offerings will occur across three auction dates: October 19, November 16, and December 14. The largest monthly allotment is scheduled for the latter two months, with N2 trillion each.

The FGN had previously allocated a total of N7.15 trillion in bonds from January to September 2026, marking a significant 106% increase compared to the N3.48 trillion allocated in the same period in 2025. This increase is primarily attributed to a sharp rise in allotments during June, which saw N1.22 trillion in sales, compared to N100 billion in June 2025.

The remaining months, February and April, experienced decreases of 42.4% and 30.4%, respectively. The total public debt stock as of June 30, 2026, was N166.79 trillion, a rise from N159.35 trillion at the end of March. Domestic debt made up N91.59 trillion, accounting for 54.91% of the total debt portfolio. The planned N5.75 trillion in fourth-quarter bond sales will contribute to the Federal Government's borrowing strategy, though the provisional calendar may undergo revisions.