DMO offers N2 trillion FGN bonds on Monday as N3.37 trillion inflows hit the system
The Debt Management Office (DMO) will offer N2 trillion for auction across four Federal Government of Nigeria (FGN) bond re-openings on Monday, November 16, 2026, as approximately N3.37 trillion in liquidity inflows is expected to enter the banking system during the week, according to Cowry Asset Research. The post DMO offers N2 trillion FGN bonds on Monday as N3.37 trillion inflows hit the…
The Debt Management Office (DMO) plans to auction N2 trillion worth of Federal Government of Nigeria (FGN) bonds on Monday, November 16, 2026, as part of four bond re-openings. This auction follows approximately N3.37 trillion in liquidity inflows anticipated to enter the banking system during the week, according to Cowry Asset Research.
With a banking-system liquidity surplus of about N3.97 trillion, comprising Standing Deposit Facility (SDF) and Opening Balances of Banks on Friday, November 13, the DMO's offer represents a larger funding opportunity than October's N1.75 trillion auction. The bonds will be re-opened, retaining their existing coupon rates and maturity dates, and investors will submit bids based on their required yields.
The November 16 auction may absorb a substantial portion of the expected inflows if the DMO allocates the full amount.
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