DMO Opens ₦200 Billion FGN Bonds for Subscription!

DMO Opens ₦200 Billion FGN Bonds for Subscription!

Sele Media Africa
www.selemedia.org
Reported by Amos Dachung | Sele Media Africa Reporter

Abuja — The Debt Management Office (DMO), acting on behalf of the Federal Government of Nigeria (FGN), has reopened ₦200 billion worth of federal government bonds for subscription through auction. [1]

Offer Structure & Key Details

• The issuance is structured into two tranches, each valued at ₦100 billion:
  • A 5‑year “FGN August 2030” re‑opened bond [2]
  • A 7‑year “FGN June 2032” re‑opened bond [2]
• The auction date is set for September 29, 2025, with settlement on October 2, 2025. [1]
• Bonds are offered at ₦1,000 per unit. [3]
• The minimum subscription is ₦50 million (i.e. ₦50,000,000) and additional investments must be in multiples of ₦1,000. [2]
• These are re‑opened bonds, so bidders will pay the yield‑to‑maturity that clears the auction plus any accrued interest. [2]
• Interest will be paid semi‑annually, while principal (the face value) will be repaid in a bullet payment at maturity. [2] Security, Backing & Benefits
• Like all FGN bonds, these securities are backed by the full faith and credit of the Federal Government of Nigeria. [2]
• They are eligible for tax exemption under Company Income Tax Act (CITA) and Personal Income Tax Act (PITA) when held by certain investors (such as pension funds). [3]
• These bonds are listed on the Nigerian Exchange (NGX) and other markets, and qualify as liquid assets for banks’ liquidity ratio calculations. [3]
• They also qualify under the Trustee Investment Act, making them permissible instruments for trustees managing assets. [2]

Citations:

1. Nairametrics: nairametrics.com/2025/09/25/fg-offers-n200-billion-bonds-for-subscription-in-september-2025/?utm_source=chatgpt.com
2. News Agency of Nigeria: nannews.ng/2025/09/25/dmo-re-opens-2-fgn-bonds-valued-at-n200bn-for-subscription/?utm_source=chatgpt.com
3. Vanguard News: www.vanguardngr.com/2025/08/dmo-offers-n200bn-fgn-bonds-at-n1000-unit/?utm_source=chatgpt.com

About The Author

Marian Opeyemi Fasesan

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Marian Opeyemi Fasesan is a dynamic journalist and editorial leader committed to excellence in news reporting and storytelling. As the Managing Editor of Sele Media Africa, she ensures daily operations run smoothly while upholding the highest editorial standards. With a strong eye for detail and deep understanding of audience engagement, Marian coordinates content across platforms, guiding teams to produce compelling, timely, and credible news. Her leadership reflects the heart of Sele Media Africa’s mission—to inform, inspire, and elevate voices across the continent.

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